CDNS higher, YHOO steady, AMP stumbles

Cadence Design Systems Inc. (Nasdaq: CDNS) shares rose 7.5 percent to $9.49, on volumes of 10.4 million – more than quadruple its average — after the software maker forecast first-quarter earnings above expectations.

Yahoo! Inc. (Nasdaq: YHOO) dealt in 24.1 million shares Thursday, topping its all-day average of 18.3 million. Prices for YHOO nipped up 1.7 percent to $16.85, after linking up with Zillow on a real-estate site.

Ameriprise Financial Inc. (NYSE: AMP) shares shed 7.1 percent to $58.07, amid volumes of 6.1 million shares, compared to an average of 1.8 million, after the asset manager’s fourth-quarter profit came in below expectations.

Tags: AMP, buzz stocks, CDNS, Financial Stocks, nasdaq, NYSE, technology, Technology Stocks, YHOO

This entry was posted on Thursday, February 3rd, 2011 at 3:49 pm by Glenn and is filed under Financial Stocks, 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.