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Technology Sector Update for 12/16/2015: GBSN,SCTY,NLST,SNDK

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MSFT +1.68%

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Technology stocks turned sharply higher this afternoon, with shares of tech companies in the S&P 500 ending 1.5% higher.

In company news, Great Basin Scientific ( GBSN ) was finishing lower on Wednesday, with the scientific instruments manufacturer getting little apparent mileage today after U.S. regulators late yesterday issued a patent to the company for its compositions for signal amplification, protecting development of expanded targets on the Great Basin testing platform.

GBSN shares were down almost 7% at $3.36 apiece this afternoon, earlier sinking to a session low of $3.22 a share.

In other sector news,

(+) SCTY, Price target raised by $10 to $65 a share at ROTH Capital, which reiterated its Buy recommendation for the company's stock.

(-) NLST, Patent Trial and Appeal Board completes Inter Partes review of two NLST patents, confirming validity of 20 patents claims tied to NLST self-test technologies in a dispute with SanDisk ( SNDK ).

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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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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