Biggest NASDAQ Tech Stock Performers (RIMM, SNDK, Apple Inc., MRVL)

Research In Motion Limited (USA) (NASDAQ:RIMM), one of the largest designer, manufacturer and marketer of wireless solutions, shares jumped 3.76% to $61.55. Today’s rise came after the Wall Street Journal reported on Tuesday that the company is in process of making a slate of new devices and software given the hard competition it is facing with smartphone from losing more ground to touch-screen devices like Apple Inc.'s (NASDAQ: AAPL) iPhone and iPad.

To subscribe to these stock news alerts visit: http://www.wepickpennystocks.com/

SanDisk Corporation (NASDAQ:SNDK) is leading the Semiconductor Index and jumped 1.75% to $48.16 and made a new 52-week high of $48.39. Yesterday, the stock was up over 6% following a weekend report by Barron’s, which said that the share price of the memory chip supplier could gain about 17%, citing that the flash memory sales for Apple Inc.’s iPad and other mobile devices expand.

So far in the year 2010, the stock has outperformed the broader market significantly and soared 52%, compared to a fall of 3% in S&P 500.

The median Wall Street price target on the stock is $46 and the high target is set at $60 with majority of the analysts have a buy or Strong Buy ratings. The stock is trading above both The 50- Day Moving Average and 200-Day Moving Average prices are $42.84 and $33.05 respectively.

Apple Inc. (NASDAQ:AAPL) shares are up 1.37% to $257.77 in the opening session with over 1 million shares despite yesterday’s report that that U.S. International Trade Commission voted to institute an investigation based on a complaint filed by HTC Corp. of Taiwan.

So far this year, the blue chip company has largely outperformed its peers and soared over 21%. The median Wall Street price target on the stock is $325 and the high target is set at $350 with majority of the analysts have a buy or Strong Buy ratings. The stock is trading above both The 50- Day Moving Average and 200-Day Moving Average prices are $255.02 and $223.54 respectively.

Marvell Technology Group Ltd. (NASDAQ:MRVL) rose 4.80% to $18.33 following Jim Cramer made a Buy call on the stock on CNBC’s show Mad Money.

So far this year, the blue chip company has largely underperformed its peers and lost over 12%. The median Wall Street price target on the stock is $25 and the high target is set at $30 with majority of the analysts have a buy or Strong Buy ratings. The stock is trading above both The 50- Day Moving Average and 200-Day Moving Average prices are $19.13 and $19.66 respectively.

ABOUT http://www.wepickpennystocks.com/
 

Wepickpennystocks provide Stock Newsletter on various hot stocks of the day. To make best stock investment you need up to date stock market information. We provide alerts on penny stocks and other stock alerts on top stocks of the day. Our stock news will help you gain insight into the stock trading so that you can make maximum profit.