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Who Were the Outliers in the Technology Space on June 30?

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Jul. 1 2016, Updated 3:58 p.m. ET

Price movement of S&P 500 indexes

On June 30, 2016, the S&P 500 slightly outperformed the Technology Select Sector SPDR ETF (XLK) and the Vanguard Information Technology ETF (VGT). The indexes had returns of 1.4%, 1.1%, and 1.3%, respectively.

The Technology Select Sector SPDR ETF had a return of -2.2% in the trailing-one-month period. In comparison, the S&P 500 generated returns of -1.2%, whereas the Vanguard Information Technology ETF generated returns of -3.4% in the trailing-one-month period.

The last few days have been volatile for technology stocks in particular due to Brexit news and its long-term impact on global markets.

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Top gainers on June 30, 2016

The top-gaining stocks as of June 30, 2016, were as follows:

  • Cypress Semiconductors (CY) rose by 10.5%.
  • Stratasys (SSYS) rose by 4.9%.
  • Micron Technology (MU) rose by 4.3%.
  • Activision (ATVI) rose by 4.2%.

Top losers on June 30, 2016

The stocks that fell the most as of June 30, 2016, were as follows:
  • Square (SQ) fell by 2.7%.
  • Splunk (SPLK) fell by 2%.

In this series, we’ll take a look at the above stocks’ performances, price movements, and the latest news affecting their share prices, including quarterly earnings, analyst upgrades, and mergers and acquisitions.

Let’s start with Cypress Semiconductors.

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