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THE REAL MOST ACTIVE Nasdaq Down Friday But Up For The Week.(B)
Byline: MONIKA TJIA
Chip and software firms led the Nasdaq down Friday. The index swung back and forth between positive and negative territory before closing down 0.1% on lighter volume. For the week it gained 1.4%.
Possis Medical reversed, losing 1.18 to 17.20 on heavy turnover. Since breaking out Nov. 19, the medical device firm has gained 20%.
Tier Technologies slid 1.75 to 17.30 on strong trade. The information technology consultant filed to offer 3 million shares of stock.
Manhattan Associates dropped 3.96 to 30.28 as volume doubled. The management software firm will replace Smithfield Foods in the S&P SmallCap 600 Index.
Drexler Technology fell 1.65 to 17.25 as trade nearly quadrupled. The optical data storage and memory card maker sliced its 50-day moving average. It sits 27% off its high.
Novellus ...
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