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WIX

Technology Sector Update for 07/20/2015: WIX,VSLR,SUNE,NEWP

Top Tech Stocks

MSFT +0.26%

AAPL +1.87%

IBM +0.12%

CSCO -0.67%

GOOG -1.27%

Technology stocks were moderately higher today with shares of technology companies in the S&P 500 advancing almost 0.5%.

In company news, Wix.com ( WIX ) shares climbed to a 16-month high on Monday after the price target for the Internet services and Web content company's stock was raised by $4 to $31 a share at FBR Capital, which also reiterated its Outperform rating for the stock.

WIX shares were up nearly 4% at $26.61 each, earlier reaching their highest share price since March 2014 at $27.59 a share.

In other sector news,

(+) VSLR, (+43.9%) Agrees to $2.2 billion buyout offer from SunEdison ( SUNE ), which will pay $16.50 for each VSLR share.

(-) NEWP, (-10.5%) Lowers Q2 EPS guidance to $0.24 to $0.36 per share, trailing estimates by at least $0.02 per share. Projected revenue lags $159.06 million consensus by at least $11.06 mln.

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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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