Markets

Sector Update: Technology Shares Down Pre-Market; Synaptics Up 20% on Q4 Guidance

Top Technology Stocks:

MSFT: -0.51%

AAPL: -0.69%

IBM: -0.43%

CSCO: -0.60%

GOOG: -0.46%

Technology shares were lower in pre-market trade Wednesday, weighed along with the broader stock market.

In technology stocks news, Priceline Group Inc. ( PCLN ) said late Tuesday that it agreed to buy Buuteeq Inc., a digital marketing service for hotel operators. Terms of the agreement weren't disclosed.

Buuteeq will operate as an independent business within the Priceline Group, according to a statement.

Priceline closed at $1,222.88 a share Tuesday. It reached an all-time high of $1,378.96 on March 6.

And Synaptics ( SYNA ) shares were up more than 20% in pre-market trade after it said it expects Q4 revenue in the range of $300 to $310 million, above its prior guidance of $275 to $295 million and ahead of the analyst consensus of $286 million on Capital IQ.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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