Technology
SPI

Technology Sector Update for 02/11/2019: SPI,AAPL,CAMT,RGSE

Top Tech Stocks

MSFT -0.46%

AAPL -0.49%

IBM +0.35%

CSCO +0.76%

GOOG -0.08%

Technology stocks declined shortly before Monday's closing bell, reversing their mid-day gains, with the shares of tech stocks in the S&P 500 losing just over 0.1% in value although the Philadelphia Semiconductor Index was hanging on to a more than 0.3% advance.

Among technology stocks moving on news:

(+) SPI Energy Co. ( SPI ) raced more than 52% higher on Monday after the solar energy firm said a Nasdaq hearings panel has granted its request for continued listing, conditioned on SPI Energy regain compliance with a Nasdaq rule requiring the market value of a listed company's stock exceeding $15 million for 10 consecutive trading days before May 17.

In other sector news:

(+) Camtek ( CAMT ) rose over 6% on Monday after announcing a deal selling a 20.5% equity stake in the semiconductor inspections company to Chroma Ate Inc, a Taiwanese precision testing and measurement equipment manufacturer. Chroma Ate paid $74.3 million, or $9.50 for each of the more than 7.82 million shares and representing a 29% premium to Friday's closing price.

(-) Apple ( AAPL ) was fractionally lower in recent trading after the company recorded a 19.9% drop in iPhone shipments to China during the final three months of 2018 compared with the year-ago period, according to media reports, citing International Data Corp. The company placed fourth among five smartphone manufacturers selling in China during Q4.

(-) Real Goods Solar ( RGSE ) slid 7% lower on Monday after the photovoltaic panels manufacturer said it will delist its Class A common stock from the Nasdaq Capital Market and will begin trading on the OTCQX over-the-counter market on Feb. 15.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


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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