5 Top NASDAQ Tech Stocks: Wowo Sees Gains

The NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT) continued its downward trend, and at the end of the short trading week was down by 2.83 percent with 2,631.35 points.
Investors seem unmoved by Apple (NASDAQ:AAPL) announcing its new suite of products, or news of Google (NASDAQ:GOOGL) acquiring Apigee (NASDAQ:APIC). Instead, these companies recorded gains last week:  

• Wowo Limited (NASDAQ:JMU)
• Scientific Games (NASDAQ:SGMS)
• Western Digital (NASDAQ:WDC)
• Accelerate Diagnostics, Inc. (NASDAQ:AXDX)
• Payment Data Systems (NASDAQ:PYDS)

Wowo Limited

Wowo is a business to business e-commerce platform that provides integrated services to suppliers and customers in the foodservice industry in China. Last week, the company announced an agreement with Shanghai Chunmin Internet Financial Information Service whereby both companies will build a supply chain finance company.
Wowo was the highest gainer of the week, gaining 39.59 percent over the four-day trading period and ended the week at $5.50 per share.

Scientific Games

Scientific Games is focused on the global lottery and regulated gaming industries. The company launched the world’s very first secure instant lottery game in 1974, and has continued to advance the games, technology, programs, marketing research and security over the last 40 years. Last week, the company announced that the Arizona Lottery gaming system is now “live”.
Scientific Games gained 13.87 percent over the four-day trading period and ended the week at $10.10 per share.

Western Digital

Western Digital is one of the largest computer hard disk drive manufacturers in the world, and has a long history as an integrated circuit maker and a storage products company. Last week, the company launched their previously announced joint venture with with Unisplendour Corporation Limited. The joint venture will be called Unis-WDC Storage Co., Ltd., which will market and sell Western Digital’s datacenter storage systems in China.
Western Digital gained 9.84 percent over the four-day trading period and ended the week at $51.59 per share.

Accelerate Diagnostics

Accelerate Diagnostics is an in vitro diagnostics company focused on providing solutions for drug resistant organisms and hospital-acquired infections. In July, the company announced the submission of a De Novo request for Evaluation of Automatic Class III Designation to the USFDA for the Accelerate Pheno™ system and Accelerate PhenoTest™ BC kit for positive blood culture samples. There has been no further recent news from the company to explain last week’s rise in share price.
Accelerate Diagnostics gained 9.51 percent over the four-day trading period and ended the week at $24.19 per share.

Payment Data Systems

Payment Data Systems is a Texas-based integrated payment solutions provider, operating credit, debit/prepaid and ACH payment processing platforms. In August, the company reported financial results for the second quarter ended June 30, 2016 and highlighted that revenues for Q2 were $2.9 million, and a gross margin of $855,621. There has been no further recent news from the company to explain last week’s rise in share price.
Payment Data Systems gained 8.55 percent over the four-day trading period and ended the week at $1.65 per share.
 
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