Technology Sector Update for 10/05/2015: TWTR,WAVX,FEYE
Top Tech Stocks
Technology stocks continued to add to their earlier gains Monday, with shares of technology companies in the S&P 500 jumping over 2.1% shortly before the closing bell.
In company news, Twitter ( TWTR ) rose Monday after the micro-blogging website confirmed earlier reports it has named company co-founder and interim CEO Jack Dorsey to the permanent post.
Dorsey also will continue a director on the Twitter board but will no longer be its chairman. According to the company, there currently are no plans to provide him with any direct compensation as CEO.
TWTR shares were up over 7% at $28.20 apiece, or just 2 cents under their session high.
In other sector news,
(+) WAVX, Signs three-year, royalty-bearing software license and distribution agreement with the Trusted Platform Module 2.0 microchip.
(-) FEYE, Reduced to Neutral from Overweight in a downgrade today at Piper Jaffray.
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