5 Top Weekly NASDAQ Tech Stocks: Festive Cheer for Index

The NASDAQ Composite Index (INDEXNASDAQ:.IXIC) started last week at 6,278.49 points and inched higher through the four-day trading week to settle at 6,597.01 points as of 1:57 p.m. EST on Friday (December 28).

The NASDAQ Technology Index (INDEXNASDAQ:NDXT) had a similar pattern, starting the week at 3,510.39 points on Monday (December 24) and settling at 3,693.77 points as of 1:57 p.m. EST on Friday.

Thursday (December 27) saw Instagram briefly switch to a horizontal feed, with users taking to Twitter (NYSE:TWTR) and other social media platforms to voice their displeasure over the new layout. While Adam Mosseri, head of Instagram, said on Twitter that the change was a “small test” that affected more users than anticipated, the company said that the change was due to a bug.

Over 106 stocks in the small- and mid-cap categories gained during the week. The five top-gaining NASDAQ technology stocks during the period were:

• Integrated Media Technology (NASDAQ:IMTE)
• Bridgeline Digital (NASDAQ:BLIN)
• RumbleOn (NASDAQ:RMBL)
• eGain (NASDAQ:EGAN)
• CounterPath (NASDAQ:CPAH)

Integrated Media Technology

With a gain of 25.95 percent last week, Integrated Media Technology topped the charts, settling to trade at US$5.97 as of 2:30 p.m. EST on Friday.

The company develops and commercializes visual technology with a focus on glasses-free 3D display technology. It did not provide any updates that would explain its price hike last week.

Bridgeline Digital

Second on the list is Bridgeline Digital, a company that provides solutions that help its customers maximize the performance of their digital experience.

Bridgeline Digital gained 20.49 percent last week and settled to trade at US$0.29 as of 2:30 p.m. EST on Friday. The company was set to report its fourth-quarter results after market hours on Friday.

RumbleOn

With a gain of 18.9 percent last week, RumbleOn takes the third spot on our list. Its share price settled to trade at US$5.45 as of 2:30 p.m. EST on Friday.

The company has an eCommerce platform that allows consumers and dealers to buy and trade pre-owned vehicles. Like most others on this list, RumbleOn did not make any announcements that would explain its price hike during the week.

eGain

Grabbing the penultimate spot on our list is a company engaged in the digital transformation of its clients. eGain, whose solutions are powered by virtual assistance, artificial intelligence and analytics, gained 16.41 percent last week and settled to trade at US$6.81 as of 2:30 p.m. EST on Friday.

The company did not make any major announcements over the course of the week.

CounterPath

With a gain of 15.52 percent last week, CounterPath takes the final spot on the list. It settled to trade at US$1.34 as of 2:30 p.m. EST on Friday.

The company provides telecommunications solutions, and caters to enterprises large and small around the globe. CounterPath did not make any significant announcements that would explained its price hike.

Don’t forget to follow us@INN_Technology for real-time news updates!

Data for 5 Top NASDAQ Tech Stocks articles is retrieved each Friday at 12:00 p.m. EST using TradingView’s stock screener. Only companies with a market capitalization of less than $500 million prior to the week’s gains are included. All companies in the technology sector are considered.

Securities Disclosure: I, Bala Yogesh, hold no direct investment interest in any company mentioned in this article.

**This article is updated each week. Please scroll to the top for the most recent information**

5 Top Weekly NASDAQ Tech Stocks: Index Suffers a Blow

By Bala Yogesh, December 23, 2018

The NASDAQ Composite Index (INDEXNASDAQ:.IXIC) started the week on Monday (December 17) at 6,886.46 points and dipped down throughout the week to settle at 6,389.79 points as of 1.07 p.m. EST on Friday (December 21).

Similarly, the NASDAQ Technology Index (INDEXNASDAQ:NDXT) started the week at 3,824.74 points and dipped down throughout the week to settle at 3,585.53 points as of 1.15 p.m. EST on Friday.

One of the major tech stories of the week revolved around Apple (NASDAQ:AAPL), with Qualcomm (NASDAQ:QCOM) granting a permanent injunction against Apple in Germany.

Qualcomm announced on Thursday (December 20) that Munich District Court has ordered Apple to cease sales, offer for sales and importation for sales of all infringing iPhones in Germany. The decision came in after it was found that Apple is infringing Qualcomm’s intellectual property for power savings in smartphones.

On that note, 15 stocks in the small and mid-cap category registered gains in the week including:

• Marin Software (NASDAQ:MRIN)
• HyreCar (NASDAQ:HYRE)
• Dasan Zhone Solution (NASDAQ:DZSI)
• GigaMedia (NASDAQ:GIGM)
• Inpixon (NASDAQ:INPX)

Here’s a closer look at these companies and what moved their stock prices in the week.

Marin Software

With a gain of over 220 percent in the week, Marin Software topped the charts with its stock trading at US$9.78 as of 2.20 p.m. EST on Friday.

The company, which provides digital marketing software for performance-driven advertisers and agencies, was rising throughout the week following the revenue sharing agreement with Google (NASDAQ:GOOGL).

Marin Software on Monday announced that it entered into a three-year revenue sharing agreement with Google to further develop its enterprise tech platform and software products.

HyreCar

HyreCar is engaged in carsharing marketplace for ridesharing and operates in 50 states across the US along with the District of Columbia.

Shares of HyreCar rose 25.58 percent last week and settled to trade at US$2.66 as of 2.20 p.m. EST on Friday.

On Thursday, the company announced that Brian Allan has been appointed as a senior director overseeing strategic partnerships. It was said that Allan was bringing in 40 years of experience within the automotive industry to HyreCar.

DASAN Zhone Solution

With a gain of 13.84 percent in the week, DASAN Zhone Solutions was third on our list. Shares of the company settled to trade at US$14.11 as of 2.20 p.m.EST on Friday.

The company is a provider of network access solutions for service providers and enterprise networks.

However, DASAN Network Solutions didn’t make any significant announcements throughout the week that explained its share price hike.

GigaMedia

GigaMedia is engaged in the digital entertainment service business with a focus on mobile games and casual games.

Shares of GigaMedia rose 7.72 percent in the week and settled to trade at US$2.79 as of 2.20 p.m. EST on Friday.

GigaMedia didn’t make any announcements in the week that explained its share price in the week.

Inpixon

With a gain of 7.13 percent in the week, Inpixon grabbed the final spot on our list with its stock setting to trade at US$3.40 as of 2.20 p.m. EST on Friday.

The company provides indoor positioning and data analytics solutions. On Thursday, Inpixon announced that it is on track to ship “record number” of its IPA sensor 4000 SE in fourth quarter of 2018. Further, Inpixon said that the shipment will represent an increase of more than 100 percent over its highest number of shipments in any of its previous quarters.

Don’t forget to follow us@INN_Technology for real-time news updates!

Data for 5 Top NASDAQ Tech Stocks articles is retrieved each Friday at 12:00 p.m. EST using TradingView’s stock screener. Only companies with a market capitalization of less than $500 million prior to the week’s gains are included. All companies in the technology sector are considered.

Securities Disclosure: I, Bala Yogesh, hold no direct investment interest in any company mentioned in this article.