Adobe Systems Inc (ADBE): Today's Featured Technology Winner
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. Adobe Systems (ADBE) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole was unchanged today. By the end of trading, Adobe Systems rose 61 cents (1.8%) to $34.01 on heavy volume. Throughout the day, 6.3 million shares of Adobe Systems exchanged hands as compared to its average daily volume of 4.1 million shares. The stock ranged in a price between $32.99-$34.09 after having opened the day at $33.13 as compared to the previous trading day's close of $33.40. Other companies within the Technology sector that increased today were: Motricity (MOTR), up 29.2%, Applied Micro Circuits Corporation (AMCC), up 26.2%, Recon Technology (RCON), up 21%, and TeleCommunication Systems (TSYS), up 17.3%.
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