5 Buzzing Stocks: Salesforce Edges Higher, Marvell Tech Falls, and UPS Hikes Rates
Shares of Micron Technology Inc (NASDAQ:MU) continue to slide 1.2% in late trading. However, shares have outperformed the broader technology sector by rising nearly 16% this week.
After closing down 10%, shares of Salesforce.com Inc (NYSE:CRM) are edging .80% higher in extended trading. On Thursday, the company reported a loss of $3.8 million for the third quarter. Competitors include: Oracle Corp (NASDAQ:ORCL) and SAP AG (NYSE:SAP).
Don’t Miss: Salesforce Shares Return from the Clouds.
Marvell Technology Group (NASDAQ:MRVL) is down .34% after the closing bell. Late Thursday, the company reported third quarter results. Net income fell to $195.1 million (32 cents per share), compared to $255.7 million (38 cents per share) a year earlier. This is a decline of 23.7% from the year earlier quarter.
Shares of chip maker Nvidia (NASDAQ:NVDA) are in the red after its chief executive said one of the biggest problems for tablet makers in the US is figuring out how to best sell the gadgets. “Apple (NASDAQ:AAPL) stores have an advantage over anything sold through Best Buy (NYSE:BBY),” Jen-Hsun Huang said. “Everything sold through Best Buy has to pay Best Buy a margin.”
United Parcel Service Inc. (NYSE:UPS) is attracting attention in late trading. The company plans to raise its rates next year 4.9% on its ground package shipping and air shipping. UPS spokesman Norman Black said the increases weren’t driven by any one factor, “though clearly fuel is always part of the mix.” He said the increases reflected a combination of cost and demand for services.
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