Technology

Technology Sector Update for 05/13/2019: UBER, QNST, KVHI, MSFT, AAPL, IBM, CSCO, GOOG

Top Technology Stocks:

MSFT: -2.30%

AAPL: -4.10%

IBM: -1.57%

CSCO: -2.17%

GOOG: -1.80%

Leading technology stocks were retreating pre-market Monday.

In other sector news:

(-) Uber Technologies (UBER) was declining by almost 7% after the ride-hailing company made its market debut on Friday. The company had offered 180 million shares at $45 each, which was at the lower end of its earlier price target of between $44 and $50.

(=) Marketing company QuinStreet (QNST) was unchanged after announcing that it has acquired CloudControlMedia, a digital marketing agency based in Annapolis, Md.

(=) KVH Industries (KVHI) sold its maritime training business Videotel group to a unit of Oakley Capital for a base price of $90 million, on a cash-free and debt-free basis, subject to working capital adjustments. KVH was flat after the news.

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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