Top Tech Stocks
Technology stocks were falling in recent trading, with the shares of tech companies in the S&P 500 losing 1.7% in value, while the Philadelphia Semiconductor Index was falling 0.4% this afternoon.
Among technology stocks moving on news:
(+) The Stars Group ( TSG ) jumped almost 13% at one point on Friday after the Court of Appeals in Kentucky "reversed in its entirety" an $870 million judgment for the state against the gaming technology company stemming from the company's 2006 acquisition of the PokerStars business and that relied on a centuries-old statute allowing losing bettors to seek restitution from winning opponents.
In other sector news:
(+) Integrated Device Technology Inc. ( IDTI ) Friday was trading more than 1% higher after disclosing in a new regulatory filing the State Administration for Market Regulation of the People's Republic of China has signed off on Renesas Electronics' proposed $6.7 billion acquisition of the rival chip maker.
(-) CalAmp ( CAMP ) retreated to its worst price since 2013 at $10.91 a share after the networking equipment company projected revenue for its current Q4 ending Feb. 28 trailing the $92.3 million analyst mean.
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