Technology Sector Update for 04/15/2019: MDSO,PHUN,SAIC
Top Tech Stocks
Technology stocks were falling in recent trading, with the shares of tech stocks in the S&P 500 losing almost 0.3% in value while the Philadelphia Semiconductor Index was dropping nearly 0.9% this afternoon.
Among technology stocks moving on news:
(+) Medidata (MDSO) rose about 6.6% on Monday after William Blair began coverage of the cloud platform company with an outperform rating.
In other sector news:
(+) Today Phunware (PHUN) jumped over 7% higher after the enterprise software firm said it signed a commercial agreement withEndpoint IP to monetize its intellectual property, which includes 16 US patents and another six patent applications. The deal establishes Endpoint IP as a global agency partner of note to license Phunware's mobile technology and will also provide advisory services for its licensing and enforcement.
(+) Science Applications International (SAIC) was little changed on Monday after saying it received a position on the Defense Threat Reduction Agency's $535 million information technology design and services contract.
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