Universal Display Corp OLED:NASDAQ

Last Price$172.84NASDAQ Previous Close - Last Trade as of 4:00PM ET 10/16/19

Today's Change-0.28(0.16%)
Bid (Size)$168.00 (2)
Ask (Size)$174.80 (5)
Day Low / High$170.10 - 173.38
Volume378.9 K

Sector Update: Tech Stocks Ending Near Tuesday Session Lows

3:34PM ET 9/10/2019 MT Newswires
Top Tech Stocks

MSFT -1.65%

AAPL +0.32%

IBM +1.49%

CSCO +0.90%

GOOG -0.27%

Technology stocks extended their declines this afternoon, with the shares of tech stocks in the S&P 500 slipping nearly 1.1% although the Philadelphia Semiconductor Index was hanging on to a more than 0.1% advance.

Among technology stocks moving on news:

(-) Western Digital (WDC) declined over 1% after the data-storage company Tuesday said it closed on its acquisition of Kazan Networks, a provider of adapter- and ASIC-level integration products. Financial details of the transaction were not disclosed.

In other sector news:

(+) Taiwan Semiconductor Manufacturing (TSM) has turned narrowly higher this afternoon, overcoming an earlier decline. The chipmaker Tuesday reported a 16.5% increase in August revenue over year-ago levels, rising to TWD106.12 billion, or about $3.40 billion, compared with TWD91.06 billion during August 2018.

(-) Heico (HEI) declined 5% after the electronics manufacturer said its dB Control subsidiary has acquired privately-held TTT-Cubed in an all-cash transaction. TTT-Cubed produces aerospace and defense-related components and the deal is expected to add to Heico's per-share profit during the year following the purchase.

(-) Universal Display Corp (OLED) declined over 11%. A new regulatory filing showed CEO Steven Abramson sold another 31,182 shares of the organic light-emitting diode company's common stock through a pre-arranged Rule 10b5-1 trading plan. The shares fetched an average price of $222.02 each, or more than $6.92 million overall, and trimmed his total direct stake in Universal Display to 146,493 shares.

Price: 62.00, Change: -0.75, Percent Change: -1.20