Dallas,Tx 6/2/2010 11:05:10 PM
News / Business

Top Tech Stock Movers (AAPL, AT&T Inc., SNIC, HPQ)

Tech Stock Movers

 

Apple Inc. (NASDAQ:AAPL) continued to be the top tech sector outperformer and surged 0.70% to $262.50 after climbing to $264.80 earlier in the session. Monday, the company announced that its iPad sales have reached to record 2 million since its launch on April 3. Apple began selling the iPad on Friday in Asia and Europe.

Over the recent downtrend, the stock has hold very nicely and is just about 4% away from its 52-week high of $272.46.

 

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AT&T Inc. (NYSE:T) surged 0.78% to $24.52 after falling to $24.39 earlier in the session. AT&T Inc., the largest U.S. phone company, is offering new wireless data plans to meet surging demand for data-hungry devices including Apple iPhone on its network. So far this year, the stock underperformed the wider market and slid over 13.50%.

AT&T Inc. (AT&T) is a holding company. The Company provides telecommunications services in the United States and the world.

 

Sonic Solutions (NASDAQ:SNIC) slid 11.24% to $10.50 and among the biggest losers after the company agreed to buy DivX (DIVX) for $3.75 in cash and 0.514 a share of Sonic common stock for each share of DivX..

Sonic Solutions (Sonic) is a developer of products and services that enable the creation, management and enjoyment of digital media content across a variety of technology platforms.

 

Hewlett-Packard Company (NYSE:HPQ) is doing fairly well and climbed 1.45% to $46.24 after rising to $46.85 earlier in the session. Yesterday, Hewlett-Packard Company said it is planning to cut 9,000 jobs as part of a plan to invest $1 billion over the next several years in automating its data centers.

So far this year, the stock has widely tracked the broader market and slid 12.64%.

Hewlett-Packard Company (HP) is a global provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors.

 

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