Taiwan Semiconductor Manufacturing Co Ltd (TSM): Today's Featured Technology Laggard
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 modelTaiwan Semiconductor Manufacturing (TSM) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day down 1.1%. By the end of trading, Taiwan Semiconductor Manufacturing fell $0.29 (-1.5%) to $18.52 on light volume. Throughout the day, 6,315,806 shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 10,654,300 shares. The stock ranged in price between $18.50-$18.75 after having opened the day at $18.63 as compared to the previous trading day's close of $18.81. Other companies within the Technology sector that declined today were: Alvarion (ALVR), down 12.9%, LDK Solar Company (LDK), down 11.0%, Digital Power Corporation (DPW), down 9.7% and Hauppauge Digital (HAUP), down 9.2%.
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