Top Tech Stocks
Technology stocks were holding on to a slim advance this afternoon with shares of technology companies in the S&P 500 up just 0.1%.
In company news, Nxt-ID Inc. ( NXTD ) rallied Wednesday after the biometrics company received glowing grades in a new analyst report issued today by Small Cap IR, which concludes the company is poised to take advantage of improved security for credit, debit and prepaid cards.
The company earlier this month unveiled its first commercial product at the yearly Consumer Electronics Show in Las Vegas, with its Wocket "smart" wallet named as one of top 11 "Hot Products" at the convention by Wired.com.
NXTD shares were up almost 29% today at $3.54 a share, backing down from a session high of $3.59 a share earlier today. The stock has traded within a 52-week range of $1.36 to $5.16 a share, dropping more than 41% over the past 12 months prior to today's advance.
In other sector news,
(+) RKUS, Northland Capital upgrade to Outperform from Market Perform, also setting a $13.00 a share price target for the stock.
(-) ACTG, California federal court issues summary judgment finding no infringement of certain method claims asserted by the company's Adaptix subsidiary against Apple ( AAPL ), Verizon ( VZ ), AT&T ( T ) and HTC.
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