Information Technology Sector Brief Daily Analysis: Nuance Communications,
Fortinet, Catamaran, and SAP
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LONDON, December 13, 2013
LONDON, December 13, 2013 /PRNewswire/ --
On Thursday, December 12, 2013, the U.S. equity market ended on a lower note,
the S&P 500 closed the day at 1,775.50, down 0.38%; the Dow Jones Industrial
Average finished at 15,739.43, down 0.66%; and the NASDAQ Composite ended at
3,998.40, down 0.14%. The S&P 500 Information Technology Sector Index ended
the day 0.69% lower at 557.93; while the same has gained 1.28% in the last one
month and 7.49% in the previous three months, outperforming the S&P 500, which
has gained 0.44% and 5.47%, during the respective periods. The major movers in
the sector included Nuance Communications Inc. (NASDAQ: NUAN), Fortinet Inc.
(NASDAQ: FTNT), Catamaran Corp. (NASDAQ: CTRX), and SAP AG. (NYSE: SAP).
AAAResearchReports.com free coverage on NUAN, FTNT, CTRX, and SAP is available
upon registration at:
Shares in Nuance Communications Inc. vacillated between $14.03 and $14.25
before ending Thursday's session 0.98% lower at $14.11. A total of 7.51
million shares were traded, which is above the daily average volume of 6.63
million. The company's shares have fallen by 0.56% in the previous three
trading sessions, compared to a loss of 1.82% in the S&P 500, during the same
period. Further, Nuance Communications Inc.'s stock is trading below its
50-day and 200-day moving averages of $16.08 and $18.55, respectively.
Download free technical research on NUAN by signing up at:
On Thursday, Fortinet Inc.'s stock declined, as the broader market edged
lower. The company's shares traded between $17.50 and $17.78 before closing
the day 1.35% lower at $17.55. A total of 1.36 million shares were traded,
which is below the daily average volume of 2.25 million. The company's shares
have fallen by 2.72% in the previous three trading sessions, underperforming
the S&P 500, which has fallen by 1.82%, during the same period. Furthermore,
Fortinet Inc.'s stock is trading below its 50-day and 200-day moving averages
of $19.74 and $20.00, respectively. Register now and get access to free
analysis on FTNT at:
Catamaran Corp.'s stock hit a new 52-week low of $43.49 on Thursday. The
company's shares ended the day at $44.00, down 0.74%, from the previous day's
closing price of $44.33. A total of 2.13 million shares were traded, which is
above the daily average volume of 2.07 million. The company's shares have
fallen by 1.15% in the previous three trading sessions, compared to a loss of
1.82% in the S&P 500, during the same period. Moreover, Catamaran Corp.'s
stock is trading below its 50-day and 200-day moving averages of $47.22 and
$51.26, respectively. Sign up and read our complimentary report on CTRX at:
On Thursday, SAP AG's stock finished the day at $80.91, which is 0.60% lower
than the previous day's closing price of $81.40. The company's shares
oscillated between $80.39 and $81.01 during the trading session. A total of
0.88 million shares were traded, which is below the daily average volume of
1.11 million. Despite Thursday's pullback, the company's shares have gained
1.37% in the last one month and 10.08% in the previous three months,
outperforming the S&P 500, which has gained 0.44% and 5.47% during the
respective periods. Additionally, SAP AG's stock is trading above its 50-day
and 200-day moving averages of $78.50 and $77.10, respectively. The free
report on SAP can be downloaded by signing up now at:
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