MEMC a maniac, LVLT levels off, BRCM wobbles

MEMC Electronic Materials Inc.(NYSE: WFR) shares gained 10.6 percent to $12.86, on volume of 10.3 million shares, more than double its daily average, one day after the maker of silicon wafers reported swinging to a profit in the latest quarter.

Level 3 Communications Inc. (Nasdaq: LVLT) traded in 17.1 million shares, pursuing a daily average volume of 23.3 million. Prices for the stock sagged, however, 5.3 percent to $1.22, after reporting quarterly sales fell to $921 million from $924 million in prior-year quarter.

Broadcom Corp. (Nasdaq: BRCM) shares jettisoned 7.4 percent to $42.98, on volume of 14.2 million, better than double its full-day average, after the chip maker late Tuesday reported fourth-quarter margins beneath Wall Street’s expectations.

Tags: BRCM, buzz stocks, LVLT, nasdaq, NYSE, technology, Technology Stocks, WFR

This entry was posted on Wednesday, February 2nd, 2011 at 11:25 am 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.