3 Tech Stocks That Soared This Week
Photronics, Dot Hill Systems, and Sprint all posted big gain this week, despite dramatically negative trends ruling the broader markets. Here's how they did it.
The stock market just finished a brutal week. The S&P 500 index and Dow Jones Industrials fell 5.7% between Monday morning and Friday night. The tech-heavy NASDAQ Composite market barometer did even worse, dropping 6.6% lower..
But despite the heavy casualties, some tech stocks still managed to come out ahead this week -- by a lot.
Semiconductor manufacturing gear maker Photronics (NASDAQ:PLAB) rose 14.4% thanks to a fantastic third-quarter earnings report. Telecom Sprint (NYSE:S) gained 12.6% thanks to an innovative handset-buying plan that ties the company closer to Apple (NASDAQ:AAPL). And Dot Hill Systems (UNKNOWN:HILL.DL) left even these gainers looking slow, rising 78% as hard drive maker Seagate Technology (NASDAQ:STX) offered to buy the storage systems builder in a $645 million deal.
Want to dig deeper into these market-crushing tech stocks? Start with the following slideshow:
3 Tech Stocks That Soared This Week from The Motley Fool