Pre-Market Analysis: Broadcom Corp., Marvell Technology Group Ltd., Applied
Micro Circuits Corp., and PMC-Sierra Inc.
LONDON, August 21, 2013
LONDON, August 21, 2013 /PRNewswire/ --
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The U.S. equity market posted gains on Tuesday, August 20, 2013. The S&P 500
ended 0.38% higher at 1,652.35, and the NASDAQ composite closed the day 0.68%
higher at 3,613.59. Shares in semiconductor companies ended on a higher note,
tracking gains in the broader market. The major movers in the industry
included Broadcom Corporation (NASDAQ: BRCM), Marvell Technology Group Limited
(NASDAQ: MRVL), Applied Micro Circuits Corporation (NASDAQ: AMCC), and
PMC-Sierra Inc. (NASDAQ: PMCS). All these companies are tracked by
AAAResearchReports.com. Free technical research on BRCM, MRVL, AMCC, and PMCS
can be downloaded upon signing up at:
Broadcom Corporation's stock closed higher on Tuesday, finishing at $25.39, up
0.40% from its previous closing price. The company's shares fluctuated between
$25.26 and $25.60. A total of 5.41 million shares were traded, which is below
the daily average volume of 10.10 million. The company's shares have lost
2.48% in last three trading sessions, underperforming the S&P 500 which has
lost 0.54% during the same period. Additionally, Broadcom Corporation's stock
is trading below its 50-day and 200-day moving averages. Sign up and read the
complimentary report on BRCM at:
Shares in Marvell Technology Group Ltd. posted gains on Tuesday, finishing the
day 0.15% higher at $13.17. The company's shares traded between $13.04 and
$13.24. A total of 6.71 million shares were traded, which is above the daily
average volume of 6.16 million. The company's shares have gained 9.48% in the
last one month and 14.12% in the last three months, outperforming the S&P 500
which has lost 2.35% and 0.84% during the respective periods. Furthermore,
Marvell Technology Group Ltd's stock is currently trading above its 50-day and
200-day moving averages. The free report on MRVL can be downloaded by signing
up now at:
On Monday, shares in Applied Micro Circuits Corp. edged higher, reversing some
of their recent losses. The company's shares ended the day at $11.14, up
1.92%, after fluctuating between $10.92 and $11.33. A total of 0.39 million
shares were traded, which is below the daily average volume of 0.86 million.
The company's shares have gained 41.01% in the last three months, compared to
a loss of 0.84% in the S&P 500 during the same period. Moreover, Applied Micro
Circuits Corp.'s stock is currently trading above its 50-day and 200-day
moving averages. A free report on AMCC can be accessed by registering at:
Shares in PMC-Sierra Inc. rose sharply on Tuesday, finishing at $6.36, up
2.25% from its previous closing price. The company's shares fluctuated between
$6.23 and $6.42. A total of 1.55 million shares were traded, which is below
the daily average volume of 1.96 million. The company's stock has gained 4.61%
in the last three months, outperforming the S&P 500 which has fallen by 0.84%
during the same period. PMC-Sierra's shares are currently trading above their
200-day moving average. Register with AAA Research Reports and download
research on PMCS for free at:
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