Nasdaq Winners: Marvell Technology and 2 Stocks Up Over 4%
The Nasdaq (NASDAQ:QQQ) is down today by 0.34% and stands at 2,579. Here are three notable and stocks that are experiencing declines today.
Mentor Graphics Corporation (NASDAQ:MENT): This company rejected Ichan’s takeover offer earlier this year. While the stock has been in a swoon in the last few months. MENT shares recently traded at $12.97, up $1.56, or 13.67%. They have traded in a 52-week range of $8.50 to $16.56. Volume today was 3,917,327 shares versus a 3-month average volume of 1,146,380 shares. The company’s trailing P/E is 21.80, while trailing earnings are $0.60 per share.
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Marvell Technology Group (NASDAQ:MRVL) There were few stocks that have been affected more by the recent Thai flooding than Marvell (NASDAQ:MRVL). They provide guidance of a FQ4 earnings per share of $0.21-$0.25. This is lower than the $0.27 consensus, but better than expected. MRVL shares recently traded at $14.71, up $0.95, or 6.9%. They have traded in a 52-week range of $11.23 to $22.01. Volume today was 26,358,248 shares versus a 3-month average volume of 14,006,200 shares. The company’s trailing P/E is 11.82, while trailing earnings are $1.25 per share.
Sirius XM Radio (NASDAQ:SIRI): Lazard’s Barton Crockett is bullish on this stock, as he is moving Sirius XM up to “Buy” status and increasing the price target as well. He also described Sirius as “an unusually resilient growth story.” SIRI shares recently traded at $1.80, up $0.06, or 3.45%. They have traded in a 52-week range of $1.27 to $2.44. Volume today was 71,512,361 shares versus a 3-month average volume of 74,793,600 shares. The company’s trailing P/E is 44.88, while trailing earnings are $0.04 per share.
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