Top Tech Stocks
Technology stocks were holding on moderate gains shortly before today's closing bell, with shares of tech companies in the S&P 500 climbing about 0.3% in recent trade.
In company news, MGT Capital Investments ( MGT ) slumped Thursday after the cyber-security company said it has terminated a proposed $1.4 million private placement of restricted stock with an unnamed investor.
The deal would have exchanged 450,000 restricted shares price at $3 each for $1.7 million of the company's 12% unsecured promissory notes. MGT Capital said it rescinded the agreements after the New York Stock Exchange declined its plans to issue 43.8 million shares as part of a broader transaction with D-Vasive Inc.
MGT shares were down over 9% at $1.76 each in late trade, earlier drifting to a session low of $1.64 a share.
In other sector news,
(+) QTM, (+8.3%) Forecasts Q2 revenue in a range of $132 mln to $134 mln, exceeding Capital IQ consensus by at least $12.1 mln. Also sees break-even EPS.
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