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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Microsoft Corporation | NASDAQ:MSFT | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
6.77 | 1.66% | 413.43 | 413.43 | 413.64 | 413.93 | 406.47 | 408.81 | 16,985,033 | 00:05:32 |
By Rex Crum, MarketWatch
SAN FRANCISCO (MarketWatch) -- Tech stocks added to the prior-day's gains Wednesday, as Internet sector leaders such as Facebook Inc. and Pandora Media Inc. rose in the wake of an upbeat opportunity assessment from J.P. Morgan analyst Doug Anmuth.
In a research note, Anmuth said there are "attractive opportunities" among Internet stocks after a recent selloff in the sector that shaved almost 20% off of Facebook's (FB) shares and nearly 30% off of Pandora (P) since those stocks hit year-to-date highs in early March.
On Wednesday, Facebook was up by more than 3%, at $60.09 and Pandora rose 2.6% to $29 a share.
Among other Internet stocks, gains came from online travel agency Priceline.com Inc. (PCLN), Yahoo Inc. (YHOO), eBay Inc. (EBAY) and LinkedIn Corp. (LNKD).
Tech bellwethers were also having generally having a good day, as Apple Inc. (AAPL), Microsoft Corp. (MSFT), Oracle Corp. (ORCL) and IBM Corp. (IBM) also rose.
The Nasdaq Composite Index (RIXF) rose 23 points to 4,136 and the Philadelphia Semiconductor Index (SOX) also edged into positive territory.
More tech news from MarketWatch:
Microsoft XP users face the end of the line for the OS
Apple, Amazon attack cracks in TV's armor
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