The NASDAQ Composite Index (INDEXNASDAQ:.IXIC) was the one on top among three key indexes at market open but sharply declined to reach the last place and, at last check, was ranging between 2,944.22 – 2,970.30. Progenics Pharmaceuticals, Inc. (NASDAQ:PGNX) is the worst stock with over 45% fall so far after rejection of new use of Relistor drug. Facebook Inc (NASDAQ:FB) is not getting a place in positive territory after its earnings disappointment.
Not all NASDAQ stocks are disappointing as Clean Diesel Technologies, Inc. (NASDAQ:CDTI) is one of the top performers after announcement that it has started supplying catalysts for next-generation four- and six-cylinder Honda Accord models. Shares of Apple Inc. (NASDAQ:AAPL) closely missed $600 mark today trading in a range of $587.82 to $599.44 and are on track to close up again, after ending five-day losing streak on Friday.
Micron Technology, Inc. (NASDAQ:MU)
Micron Technology, Inc grew to be the first company to offer Phase Change Memory (PCM) solutions for mobile devices in volume production. It declared high volume accessibility of the 45 nanometer PCM technology prior this month, which grants chipset vendors and handset manufacturers with a product with improved features and capabilities that meet the rising needs of the wireless market.
During Mid day trading, Micron Technology, Inc. (NASDAQ:MU) declined -2.79% to $6.10 with the total traded volume of 11.22 million shares.
MU is trading above the 50 day moving average of 6.01 and lowers than the 200 day moving average of 7.03. The stock’s 52 week low is $3.97 and 52 week high is $9.16. To date, the stock has gained 5.86% within the last month.
Oracle Corporation (NASDAQ:ORCL)
Oracle Corporation declared that it has come into an agreement to attain Xsigo Systems, a supplier of network virtualization technology. Terms of the agreement were not disclosed.
Oracle Corporation (NASDAQ:ORCL) slipped -0.91% and closed at $30.50 with the total traded volume of 9.08 million shares in mid day trading. The total market capitalization remained $149.11 billion.
ORCL has insider ownership of 22.64% with its institutional ownership remained 62.48%. Company’s current year earnings per share grew with 17.53% while the five year EPS growth rate was +19.28%.
PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ)
PowerShares QQQ Trust, Series 1 (the Trust) is a unit investment trust that issues securities called PowerShares QQQ Index Tracking Stock. In Mid Day trading, PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) fell -0.19% to $64.75 with the total traded volume of 18.46 million shares.
QQQ has outstanding shares of 493.40 million with the total market capitalization of 31.93 billion and its beta value stands at 1.09 times. Stock price 52 weeks high was $68.55 and 52 weeks low price was $64.68.