The German state agency responsible for IT safety has warned about a security breach in Microsoft (NASDAQ:MSFT)‘s Internet Explorer and suggests people use other browsers until the problem gets fixed. The Federal Office for Information Security provided a sign that the browser’s weak point is already being used for targeted attacks, adding that the code used behind the attack is easily accessible online and might therefore spread on a faster speed.
Microsoft Corp. spokesman said today the company is aware of the issue and will shortly rolling out a software update, a so-called patch, to repair the browser’s security features. The stock was unable to show any gains yesterday.
To have a quick look on this stock’s price history, beta used to measure the volatility or systematic risk in comparison to the market as a whole was 1.13 and the percentage change in the price over the last fifty two weeks remained at +15.68%. The price range in those 52 weeks had a highest hit of $32.95 on Mar 16, 2012 while lowest level during that period was $24.26 on Oct 04, 2011.
Elsewhere in the tech sector, shares of Sprint Nextel Corporation (NYSE:S) extended gains for the third session in a row and the carrier is racing to build a complicated new coast-to-coast cellphone network. The stock moved up 125.21% in this year and its price history showed most recently beta was at 1.15. Overall during the last 12 months, the percentage change in the price was 58.26%, hitting the highest of $5.49 on Aug 15, 2012 while lowest level in that period was $2.10 on Jan 31, 2012.
Groupon Inc (NASDAQ:GRPN) fell sharply Monday to worst in a month, facing a reaction to increased marketing costs and a fall in consumer attraction to daily deals. The stock’s price decreased in the last trading session with a previous 52-week high of $31.14.
The stock was trading on above-average volume. The stock traded at a volume of 15.06 million shares at a price loss of -9.87%. The share price is now down -57.40% for the past three months. Latest closing price was 5.32% above its 50-day moving average and 10.31% above its 200-day moving average.
LSI Corporation (NYSE:LSI) was another loser in the tech sector and recently has been named as Most Adoption-Friendly Technology Company by the Dave Thomas Foundation for Adoption. So far, the share price of this stock jumped 26.39% in this year and stock’s price history revealed that beta was maintained at 1.73 and the percentage change in the price over the last fifty two weeks remained as 19.75%.