Unusual Volume Tech Stocks: Sky-mobi Ltd (ADR) (NASDAQ:MOBI), 8×8, Inc. (NASDAQ:EGHT), Magic Software (NASDAQ:MGIC), Avid Technology (OTCMKTS:AVID)

Posted by on Mar 03, 2014

Sky-mobi Ltd (ADR) (NASDAQ:MOBI) operates mobile application store in China. In its Maopao application store, users can browse, download and purchase a range of applications and content, such as games, music and books. In addition, the Company has established a mobile social network community in China, the Maopao Community, where it operates mobile social games and provide applications and social network content to its registered members. Sky-mobi Ltd (ADR) (NASDAQ:MOBI) stock opened at $6.26 in last session, and closed at $ 7.20, while the day range of stock is $6.26 – $ 7.24. The stock showed a positive weekly performance of 33.09%.

8×8, Inc. (NASDAQ:EGHT) a provider of cloud-based unified communications and collaboration solutions announced that iCruise.com, one of the largest cruise sellers in the U.S, has deployed 8×8 Virtual Office and Virtual Contact Center services in its corporate headquarters and 60+ remote locations, creating a scalable, secure and reliable unified communications platform with built in disaster recovery for its widely distributed organization. 8×8, Inc. (NASDAQ:EGHT) stock opened at $10.67, in last session and closed at $ 10.58, by losing -0.56%. The 52 week range of the stock is $6.22 – $12.42. Company’s market capitalization is $929.72 million.

Magic Software Enterprises Ltd. (NASDAQ:MGIC) was falling 10.2% to $8.52 Friday after the software company announced the price of its 6 million share public offering. Magic Software Enterprises Ltd. (NASDAQ:MGIC) stock decreased -10.41% and finished the last session at $8.50. The EPS of the stock remained 0.42. Company’s market capitalization is $316.47 million.

TheStreet Ratings has withdrawn the Sell rating on Avid Technology, Inc. (OTCMKTS:AVID). This action was due to the company’s delisting from NASDAQ and the inability to rely on the company’s financial statements. Avid Technology, Inc. (OTCMKTS:AVID) stock opened the session at $6.65, and closed the session at $6.60. The 52 week range of the stock remained $4.80 -$8.93 and the day range was $6.53 – $6.77.

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