Top Tech Stocks
Technology stocks fell in Tuesday trading, with the shares of tech stocks in the S&P 500 losing more than 2.1% in value while the Philadelphia Semiconductor Index declined nearly 3.2%.
Among technology stocks moving on news:
(+) StoneCo Ltd ( STNE ) climbed over 2% on Tuesday after saying the number of active clients using its e-commerce and financial technology platform more than doubled during the final three months of 2018 compared with the same period in 2017, rising 104.1% to 267,900 clients.
In other sector news:
(+) Logitech International ( LOGI ) was hanging on to a nearly 1% gain after Monday reporting non-GAAP fiscal Q3 net income $0.79 per share, improving on a $0.65 per share profit during the same quarter last year and beating the Capital IQ consensus by $0.12 per share.
(-) TowerJazz ( TSEM ) was 2% lower this afternoon, reversing a 1% advance earlier in the session that followed the company announcing a new partnership with privately held Ranix to develop radio-frequency transceivers for use in vehicle-to-everything and electronic toll collection systems.
(-) IPG Photonics ( IPGP ) was down more than 3% on Tuesday after the fiber and diode lasers company said it was acquiring the submarine networks division of Brazilian electronics manufacturer Padtec SA. Financial terms of the transaction were not disclosed.
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