Today's Research: Broadcom Corp., Marvell Technology Group Ltd, Applied Micro
Circuits Corp., and PMC-Sierra Inc.
Editor Note: For more information about this release, please scroll to bottom.
LONDON, October 23, 2013
LONDON, October 23, 2013 /PRNewswire/ --
On Tuesday October 22, 2013, the S&P 500 ended the day at 1,754.67, up 0.57%;
the Dow Jones Industrial Average closed at 15,467.66, up 0.49%; and the NASDAQ
Composite finished at 3,929.57, up 0.24%. Shares in the semiconductor -
integrated circuits industry ended mostly on a lower note, even as the broader
market posted gains. The major movers in the industry included Broadcom
Corporation (NASDAQ: BRCM), Marvell Technology Group Ltd (NASDAQ: MRVL),
Applied Micro Circuits Corporation (NASDAQ: AMCC), and PMC-Sierra Inc.
(NASDAQ: PMCS). AAAResearchReports.com has completed their technical analysis
on BRCM, MRVL, AMCC, and PMCS and these free reports are accessible by
Shares in Broadcom Corp. edged lower on Tuesday, ending the day 0.66% lower at
$27.14 after oscillating between $26.92 and $27.50 during the trading session.
A total of 14.70 million shares were traded, which is above the daily average
volume of 10.99 million. The company's stock is up 0.33% in the previous three
trading sessions, underperforming the S&P 500, which has advanced 1.24% during
the same period. Moreover, Broadcom Corp.'s stock is trading above its 50-day
moving average of $26.28. Sign up for free technical research on BRCM at:
On Tuesday, Marvell Technology Group Ltd's stock advanced to close at $12.17,
up 1.25% from the previous day's closing price of $12.02. The company's shares
fluctuated between $11.93 and $12.22 during the trading session. A total of
8.74 million shares were traded, which is above the daily average volume of
6.38 million. The company's shares have advanced 3.57% in the previous three
trading sessions, outperforming the S&P 500 which has gained 1.24% during the
same period. Furthermore, Marvell Technology Group Ltd's stock is trading
above its 50-day and 200-day moving averages of $12.12 and $11.02,
respectively. Be sure to read our latest technical research on MRVL by
Applied Micro Circuits Corp.'s stock ended lower on Tuesday, even as the
broader market finished on a positive note. The company's shares fluctuated
between $13.52 and $14.11 before finishing the day 1.50% lower at $13.79. A
total of 0.60 million shares were traded, which is below the daily average
volume of 0.88 million. Despite Tuesday's losses, the company's shares have
gained 7.82% in the previous one month and 25.25% in the last three months,
outperforming the S&P 500, which has advanced 2.62% and 3.49% during the
respective periods. Additionally, Applied Micro Circuits Corp.'s stock is
trading above its 50-day and 200-day moving averages of $12.37 and $9.57,
respectively. Sign up and read the complimentary report on AMCC at:
On Tuesday, PMC-Sierra Inc.'s stock fell by 1.78% to $6.89, after vacillating
between $6.83 and $7.06 during the trading session. A total of 1.49 million
shares were traded, which is below the daily average volume of 1.77 million.
The company's shares have gained 4.64% in the previous one month,
outperforming the S&P 500 which has gained 2.62% during the same period.
Despite Tuesday's losses, PMC-Sierra Inc.'s stock is trading near its 52-week
high of $7.14 and also above its 50-day and 200-day moving averages of $6.51
and $6.34, respectively. The free report on PMCS can be downloaded by signing
up now at:
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