QTM makes headway, SIRI turns up volume, KONE trips

Quantum Corp. (NYSE: QTM) shares added 15.7% to $3.07, on volume of 11.3 million, more than double its 4.5 million average, after the maker of backup programs for computers said NetApp Inc. (Nasdaq: NTAP) would sell its products around the world. NetApp shares increased 1.8% to $48.70.

SIRIUS XM Radio Inc. (Nasdaq: SIRI) bought and sold 39.3 million shares Wednesday, though below its daily average of 54.2 million. Prices rose 1.4% to $1.84, after announcing its reverse stock split won’t be extended.

Kingtone WirelessInfo Solution (Nasdaq: KONE) fell 9% in price to $1.80 Wednesday, on volume of 414,000, towering over its daily average of 61,000.

Tags: buzz stocks, KONE, nasdaq, NYSE, QTM, siri, technology, Technology Stocks

This entry was posted on Wednesday, April 13th, 2011 at 4:07 pm by Glenn and is filed under Technology Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.