business newsMidday Nasdaq Flat After Tech Stocks Slow Their Rise
By
Jonah Loeb Oct 11, 2012 3:00 pm
Also, SoftBank is eating up Clearwire along with Sprint.
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MINYANVILLE ORIGINAL The Nasdaq Composite Index (INDEXNASDAQ:.IXIC) rose just 0.02% to 3,052.59 as of 2:45 p.m. EDT today after early gains were tempered by wavering tech stocks.
Clearwire Corporation (NASDAQ:CLWR) made the biggest moves, rising 51.53% to $1.97 after Softbank (TYO:9984) announced that its takeover of Sprint (NYSE:S) would include Clearwire as well. eBay (NASDAQ:EBAY) rose 1.30% to $47.37 after customers and investors alike were pleased with its site’s redesign.
Zynga (NASDAQ:ZNGA) also had a strong day, rising 3.83% to $2.44 despite a negative report from investment firm Piper Jaffray. Zynga’s buddy Facebook (NASDAQ:FB) also ticked up, rising 0.51% to $19.74 as the company continued to outline plans to increase revenues.
Outside of the tech world, Dollar Tree (NASDAQ:DLTR) dropped an alarming 7.53% to $43.39 after Q3 sales failed to impress. Green Mountain Coffee Roasters (NASDAQ:GMCR) ticked up 0.18% to $22.13 after analysts claimed the company’s stock was undervalued.
Clearwire Corporation (NASDAQ:CLWR) made the biggest moves, rising 51.53% to $1.97 after Softbank (TYO:9984) announced that its takeover of Sprint (NYSE:S) would include Clearwire as well. eBay (NASDAQ:EBAY) rose 1.30% to $47.37 after customers and investors alike were pleased with its site’s redesign.
Zynga (NASDAQ:ZNGA) also had a strong day, rising 3.83% to $2.44 despite a negative report from investment firm Piper Jaffray. Zynga’s buddy Facebook (NASDAQ:FB) also ticked up, rising 0.51% to $19.74 as the company continued to outline plans to increase revenues.
Outside of the tech world, Dollar Tree (NASDAQ:DLTR) dropped an alarming 7.53% to $43.39 after Q3 sales failed to impress. Green Mountain Coffee Roasters (NASDAQ:GMCR) ticked up 0.18% to $22.13 after analysts claimed the company’s stock was undervalued.
No positions in stocks mentioned.
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