business newsMidday Nasdaq: Clearwire Making Big Gains Ahead of Acquisition
By
Jonah Loeb Oct 15, 2012 3:15 pm
Also, QE3 has not been kind to mortgage REITs like American Capital.
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MINYANVILLE ORIGINAL The Nasdaq Composite Index (INDEXNASDAQ:.IXIC) rose 0.23% to 3,051.14 as of 3:00 p.m. EDT today as tech stocks ticked up ahead of the coming week.
The biggest gainer was Clearwire Corporation (NASDAQ:CLWR), which rose 14.87% to $2.67 per share as investors salivated ahead of Sprint’s (NYSE:S) purchase of the company. It was also a good day for Texas Instruments (NASDAQ:TXN), which traded up 3.08% to $28.12 on high volume as rumors circulated about Amazon (NASDAQ:AMZN) potentially buying TI’s mobile chip division.
Microsoft (NASDAQ:MSFT) rose 0.80% to $29.43 after unveiling a comprehensive new music streaming service. Yahoo (NASDAQ:YHOO) didn’t share in that success, falling 1.13% to $15.70 despite CEO Marissa Mayer’s efforts to snare Google (NASDAQ:GOOG) ad executive Henrique De Castro for a position at Yahoo.
Outside the tech sector, American Capital Agency (NASDAQ:AGNC) fell on over five times its average volume, dropping 2.37% to $31.81 after going even lower early on. The stock has been in a long slide since the start of QE3.
The biggest gainer was Clearwire Corporation (NASDAQ:CLWR), which rose 14.87% to $2.67 per share as investors salivated ahead of Sprint’s (NYSE:S) purchase of the company. It was also a good day for Texas Instruments (NASDAQ:TXN), which traded up 3.08% to $28.12 on high volume as rumors circulated about Amazon (NASDAQ:AMZN) potentially buying TI’s mobile chip division.
Microsoft (NASDAQ:MSFT) rose 0.80% to $29.43 after unveiling a comprehensive new music streaming service. Yahoo (NASDAQ:YHOO) didn’t share in that success, falling 1.13% to $15.70 despite CEO Marissa Mayer’s efforts to snare Google (NASDAQ:GOOG) ad executive Henrique De Castro for a position at Yahoo.
Outside the tech sector, American Capital Agency (NASDAQ:AGNC) fell on over five times its average volume, dropping 2.37% to $31.81 after going even lower early on. The stock has been in a long slide since the start of QE3.
No positions in stocks mentioned.
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