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Rubicon Technology, Inc. (NASDAQ: RBCN) just took off like a rocket for a quick burst after it was touted on CNBC as one of the beneficiaries of pricing strength due to materials supply constraints. The interview featuring this one just ended at 1:28 PM EST…. At 1:29 we have shares up 6.8% at $19.29 after seeing a intraday high of $19.74… that would also mark a 52-week high. There have been 262,000 shares traded versus an average of 195,000.
JON OGG
RF Micro Devices Inc. (NASDAQ: RFMD) is running up after that stock’s analyst rating was raised to Buy at UBS. As this is a low priced tech stock, you can imagine that the volume will be picking up this morning. At 8:32 AM EST we have seen 108,000 shares trade hands and the stock is up 3.6% at $4.68. This stock was up over 10% yesterday because of the strong tech sector (on Altera news) and it traded over 13 million shares yesterday too. The 52-week trading range is $0.70 to $5.85 and the average daily volume is 8.7 million shares.
JON C. OGG