Top Tech Stocks
Technology stocks were firming in recent trading, with the shares of tech stocks in the S&P 500 adding 0.5% in value while he Philadelphia Semiconductor Index was little changed.
Among technology stocks moving on news:
(+) Ameri Holdings (AMRH) jumped out to a nearly 14% gain after the digital services company Monday announced a multi-year, managed services contract with electronics manufacturer Epson America. The new contract calls on Ameri to provide Epson with across-the-board support and management of SAP applications. Financial terms were not disclosed.
In other sector news:
(+) Smartsheet (SMAR) climbed over 4% after saying underwriters exercised their option to buy stock in the company's recent public offering. The company sold a total of 9.03 million shares raising gross proceeds of $392.6 million in the offering. Entities affiliated with Madrona Ventures also sold 5.81 million shares in a concurrent secondary offering, pocketing $252.7 million in gross proceeds.
(+) Veon Ltd (VEON) was 5% higher after UBS raised its investment recommendation for the telecommunication equipment and services company to buy from neutral previously.
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