Tech Stocks Little Changed Ahead of Closing Bell; SanDisk Down Slightly After BMO Upgrade
Top Tech Stocks
Tech stocks are little changed with shares of technology companies in the S&P 500 slipping less than 0.1% as a group.
In company news, SanDisk Corp. ( SNDK ) is down 0.4% in late trade at $69.41 a share, earlier climbing to a new 52-week high of $70.49 following an upgrade to Market Perform from Underperform at BMO Capital Markets.
The research team also raised its price target for shares of the computer memory company by $30 - or 75% - to $70 a share.
In other sector news,
(+) SYMM, Accepts $230-million buyout offer by Microsemi ( MSCC ), with shareholders receiving $2.18 in cash for each share they now own - a 50% premium over yesterday's closing price.
(-) NFLX, Gives back early 10% rise that followed the streaming video provider posting Q3 net income of $0.52 per share, beating Street estimates by $0.03, instead falling after momentum traders apparently bailed on the high-flying stock.
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