Did These 6 Tech Savy Stocks Participate in the Rally?

Wednesday, markets were off to the races after the Federal Reserve and five other central banks agreed to lower the cost of emergency dollar (NYSE:UUP) funding by half a percentage point.  The Dow (NYSEARCA:DIA), Nasdaq (NASDAQ:QQQ), and S&P 500 (NYSEARCA:SPY) all closed more than 4% on Wednesday.

Here’s a look at how popular tech stocks performed as equities had their biggest daily gain since August:

Groupon, Inc. (NASDAQ:GRPN)  Shares of the internet coupon king surged more than 9% on Wednesday.  However, shares still remain below their IPO price of $20 per share.  In the past month, shares have declined 33%.

Pandora Media, Inc. (NYSE:P)  The online music provider is another tech darling trading below its IPO price.  Shares gained 3.3% on Wednesday, but remain almost 37% below its IPO price.  Shares have fallen 35% in only a month.

Angie’s List, Inc. (NASDAQ:ANGI)  Provides a membership service that compiles consumer ratings of local service companies and contractors in multiple cities across the US.  Despite the sharp rally across the board, Angie’s List declined more than 2% on Wednesday.  Shares are down nearly 29% for the month of November.

Netflix, Inc. (NASDAQ:NFLX)  The infamous online entertainment company was one of the biggest losers on Wednesday.  After being downgraded from neutral to underperform by Wedbush analyst Michael Pachter, shares finished the day 4.5% lower.  Mr. Pachter also set a price target of $45 for the company, about $20 below its current price.  Shares of Netflix have decreased 21% in the past month.

Apple Inc. (NASDAQ:AAPL)  Shares of this consumer tech giant have struggled since reaching an all-time high in October, but managed to climb 2.4% higher on Wednesday.  Shares have declined 5.6% over the past month.  In the meantime, investors continue to wait for iPhone 4S earning numbers, and a rumored 2012 release of the new iPad 3 to boost shares.

LinkedIn Corporation (NYSE:LNKD)  The world’s largest professional network surged almost 12% on Wednesday.  The company recently sold about 8 million shares in an additional share offering.  The stock has seen big moves since its IPO priced at $45.  Shares currently trade near $65, and fell 26% in November.

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