Technology Sector Losers: Pixelworks (NASDAQ:PXLW), FireEye Inc (NASDAQ:FEYE), VimpelCom (NASDAQ:VIP), Novatel Wireless (NASDAQ:NVTL)



Shares of Pixelworks Inc (NASDAQ:PXLW), which makes chips for digital display, rose 54% a day after the company revealed that Apple Inc is among its largest customers. Pixelworks, Inc. (NASDAQ:PXLW) stock performance was -23.89% in last session and finished the day at $6.85. Traded volume was 21.91million shares in the last session and the average volume of the stock remained 1.02million shares. The beta of the stock remained 2.22. Pixelworks, Inc. (NASDAQ:PXLW) insider ownership is 5.60%.

Shares of FireEye Inc (NASDAQ:FEYE) dropped 6.8 percent to $83.50 after the network security company priced the follow-on public offering of 14 million shares of its common stock at $82 per share. FireEye Inc (NASDAQ:FEYE) dropped -9.50 percent to $81.04 Friday on volume of 17.91million shares. The intra-day range of the stock was $80.41 to $84.40. FireEye Inc (NASDAQ:FEYE) has a market capitalization of $11.18billion.

Citigroup Inc. has updated their ratings on a number of other stocks in the last week. The firm downgraded shares of Vimpelcom Ltd (ADR) (NASDAQ:VIP) from a buy rating to a neutral rating. Their analysts now have a $10.10 price target on that stock, down previously from $12.10. VimpelCom Ltd (ADR) (NASDAQ:VIP)’s stock on Mar 7, 2014 reported a decrease of -5.27% to the closing price of $8.99. Its fifty two weeks range is $8.94-$14.74. The total market capitalization recorded $18.45billion. The overall volume in the last trading session was 3.36million shares. In its share capital, VIP has 1.70billion outstanding shares.

Novatel Wireless Inc (NASDAQ:NVTL)‘s stock had its “outperform” rating reaffirmed by analysts at Cowen and Company in a research report issued to clients and investors on Friday. On Friday, shares of Novatel Wireless Inc (NASDAQ:NVTL) dropped -25.61% to close the day at $2.12. Company return on investment (ROI) is -104.60% and its monthly performance is recorded as -14.52%. Novatel Wireless Inc (NASDAQ:NVTL) quarterly revenue growth is 0.95%.

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