InterDigital and 4 Technology Stocks Falling as the Nasdaq Crashes 4%: IDCC, MELI, NATI, PBI, AME

Through most of the trading day on Thursday, September 22, 2011, these stocks are bringing down the Technology (NYSE:XLK) sector. Long time Wall St. Cheat Sheet readers know to watch stock prices because Technicals on the Stock Chart are Strong’ is one of the ‘T’s in our CHEAT SHEET investing framework.

Ametek Inc. (NYSE:AME) is among the price losers in the sector as its stock price is $33.87, down $2.06 (-5.5%) from the previous close of $35.84. AMETEK, Inc. is a global manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia, and South America.

Stock Price Performance: From July 26, 2011, to September 21, 2011, the stock price had fallen $9.24 (-20.5%) from $45.08 to $35.84. The stock price saw one of its best stretches over the last year between October 27, 2010 and November 5, 2010 when shares rose for eight straight trading days, rising 7.1% (+$2.50). It saw one of its worst periods between July 26, 2011 and August 2, 2011 when shares fell for six straight trading days, falling 9.9% (-$4.48).

Pitney Bowes Inc. (NYSE:PBI) is among the price losers in the sector. Its shares are trading at $18.42, which is 94 cents (-4.7%) below the previous close of $19.32. Pitney Bowes Inc. provides mail processing equipment and integrated mail solutions, including postage meters and office supplies.

Stock Price Performance: From June 27, 2011, to September 21, 2011, the stock price had fallen $2.48 (-11.4%) from $21.80 to $19.32. The stock price saw one of its best stretches over the last year between December 3, 2010 and December 20, 2010 when shares rose for 12 straight trading days, rising 8.5% (+$1.83). It saw one of its worst periods between August 15, 2011 and August 22, 2011 when shares fell for six straight trading days, falling 6.8% (-$1.33).

National Instruments Corporation (NASDAQ:NATI) is one of the sector losers in price. Its shares are trading at $23.15, down $1.22 (-4.7%) from the previous close of $24.28. National Instruments Corporation is a supplier of measurement and automation products that engineers and scientists use in a range of industries.

Stock Price Performance: From July 26, 2011, to September 21, 2011, the stock price had fallen $4.46 (-15.5%) from $28.74 to $24.28. The stock price saw one of its best stretches over the last year between June 27, 2011 and July 7, 2011 when shares rose for eight straight trading days, rising 10% (+$2.81). It saw one of its worst periods between April 26, 2011 and May 4, 2011 when shares fell for seven straight trading days, falling 10.4% (-$3.36).

MercadoLibre, Inc. (NASDAQ:MELI) is among the price losers in the sector as its stock price is $60.74, down $3.59 (-5.2%) from the previous close of $64.10. Mercadolibre, Inc. is an online commerce platform in Latin America, called MercadoLibre.

Stock Price Performance: From July 25, 2011, to September 20, 2011, the stock price had fallen $12.08 (-15%) from $80.35 to $68.27. The stock price saw one of its best stretches over the last year between March 18, 2011 and April 5, 2011 when shares rose for 13 straight trading days, rising 31.9% (+$20.67). It saw one of its worst periods between July 28, 2011 and August 8, 2011 when shares fell for eight straight trading days, falling 26.6% (-$21.15).

InterDigital, Inc. (NASDAQ:IDCC) is one of the sector losers in price. Its shares are trading at $55.19, down $3.18 (-5.4%) from the previous close of $58.36. InterDigital, Inc. designs and develops advanced digital wireless technology solutions.

Stock Price Performance: From June 24, 2011, to September 20, 2011, the stock price had risen $21.18 (55.4%) from $38.22 to $59.40. The stock price saw one of its best stretches over the last year between October 19, 2010 and October 29, 2010 when shares rose for nine straight trading days, rising 14.4% (+$4.20). It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven straight trading days, falling 18.2% (-$7.80).

 

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