Three notable tech stocks are on the move Monday: GoPro (GPRO), iKang Healthcare Group (KANG) and Macom Technology (MTSI). GoPro shares had gained 7% in quick turnover by the afternoon on the stock market today. The action camera maker is making its second attempt at retaking the 200-day line. The stock is still trading about 40% below its all-time high of 98.47 reached on Oct. 7. GoPro on Monday announced a new entry-level camera to its lineup.
HomeAway’s (AWAY) stock is popping following word that its vacation rentals will be listed on Priceline’s (PCLN) Kayak. Shares were up 7.5% to 30.19 by midafternoon in the stock market today. The stock found support at its 50-day line Monday, though it is still trading below its 200-day moving average. Up and down all day, Priceline shares had flattened by midafternoon. The online travel service completed the acquisition of Kayak in 2013. The
After no IPOs last week, four initial public offerings are scheduled for the first week of June and are expected to raise a total of $552 million. One energy company, two firms in the health care field and a retailer of specialty teas are in the new lineup. There were 17 initial public offerings in May that, combined, raised $4.4 billion, with health care accounting for eight of the offerings. This week, Evolent Health plans to raise $150 million