5 Top Weekly NASDAQ Tech Stocks: Moderate Gains for the Index

- March 17th, 2019

Which NASDAQ tech stocks gained the most last week? We run through the five biggest gainers in this article.

The NASDAQ Composite Index (INDEXNASDAQ:.IXIC) started the week on Monday (March 18) at 7,696.38 points and settled at 7,678.04 points as of 11.58 a.m. EST on Friday (March 22).

Similarly, the NASDAQ Technology Index (INDEXNASDAQ:NDXT) started the week at 4,473.04 points before reaching 4,497.39 points as of 11.59 a.m. EST on Friday.

Apple (NASDAQ:AAPL) was in the news all week as it launched multiple products ahead of a special event it is hosting on Monday (March 25). Early last week, Apple unveiled the new iPad Air and iPad mini which the company said would provide “dramatic power and capability.” Then on Tuesday (March 19), Apple updated its iMac lineup with Intel’s (NASDAQ:INTC) ninth generation processors. Further, on Wednesday (March 20) the company launched the second generation AirPods, which aims to deliver a better battery life along with the option of wireless charging case.

Meanwhile, on Wednesday the European Union (EU)  slapped Google (NASDAQ:GOOGL) with a 1.49 billion euros fine for “abusive practices” in online advertising. This is third time that the EU has levied charges against Google in three years. In 2017, Google was fined 2.42 billion euros over shopping search results while in 2018, it was charged 4.3 billion euros for its mobile practices.

On the small and mid-cap space, over 90 stocks gained in the week including the Shanghai-based The9 (NASDAQ:NCTY), which registered an increase of 33.51 percent in the week. Others that rose in the week include:

  • The9
  • Professional Diversity Network (NASDAQ:IPDN)
  • MoSys (NASDAQ:MOSY)
  • Fronteo (NASDAQ:FTEO)
  • Liquid Media Group (NASDAQ:YVR)

The9

The9, a company that develops and operates proprietary mobile games like CrossFire, Audition mobile and Fashion Pop, emerged as the top gainer in the week.

Despite not having any meaningful updates throughout the week, the company’s stock jumped 33.51 percent to US$2.47 as of 12.56 p.m. EST on Friday.

Professional Diversity Network

Next on the list is Professional Diversity Network, which gained over 27.75 percent to trade at US$3.02 as of 12.56 p.m. EST on Friday.

The company is known for its development and operations of both online and offline networks focused on providing access to networking, training, educational and employment opportunities for diverse professionals.

However, Professional Diversity Network didn’t have any significant news that could relate to its share price increase for the week.

MoSys

MoSys is a provider of semiconductor solutions and landed third on our list.

The company on Monday announced that its Bandwidth Engine have exceeded 200,000 in shipments and that half of those units were delivered in 2018.

Shares of MoSys increased 25.21 percent to reach US$0.19 as of 12.56 p.m. EST on Friday.

Fronteo

Fronteo, a company engaged in data analysis powered by artificial intelligence (AI), is fourth on our five top weekly NASDAQ tech stocks.

Shares of the company rose over 21 percent in the week to trade at US$10.14 as of 12.56 p.m. EST on Friday.

Like most on the list, Fronteo didn’t have any updates that explained its price hike in the week.

Liquid Media Group  

Shares of Liquid Media Group were up over 20 percent last week to reach US$3.54 as of 12.56 p.m. EST on Friday.

The company is focused on studio producing content for platforms such as film, television and virtual reality (VR).

That said, Liquid Media Group didn’t have any updates that explained its price rise in the week.

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 Shows Strength

By Bala Yogesh, March 15, 2019

The NASDAQ Composite Index (INDEXNASDAQ:.IXIC) started the week on Monday (March 11) at 7,442.56 points and inched up throughout the week to reach 7,672.07 points as of 10:17 a.m. EST on Friday (March 15).

Likewise, the NASDAQ Technology Index (INDEXNASDAQ:NDXT) was up throughout the week, having started at 4,306.82 points on Monday to reach 4,472.98 points as of 10.17 a.m. EST on Friday.

Tesla (NASDAQ:TSLAunveiled on Thursday (March 14) its Model Y, a compact SUV with a starting price of US$39,000 for the standard range which is scheduled for delivery in 2021.

The electric carmaker said that the long-range model of Model Y has a range of 300 miles (or approximately 482 km,) while the standard model has a range of 230 miles (or approximately 370 km).

Meanwhile, Samsung (LSE:SMSN,OTC Pink:SSNGY) announced on Friday that its Notebook 9 laptop range will be available for purchase in the US on March 17, 2019. The company said that the Notebook 9 Pro starts at US$1,099 while the Notebook 9 Pen would be available for purchase from US$1,400.

On the small and mid-cap space, over 85 companies gained in the week, including Avid Technology (NASDAQ:AVID) which rose 41.53 percent. Other stocks include:

  • Avid Technology
  • HyreCar (NASDAQ:HYRE)
  • Pareteum (NASDAQ:TEUM)
  • Fronteo (NASDAQ:FTEO)
  • Coda Octopus Group (NASDAQ:CODA)

AVID

Avid, a technology provider dedicated to the media and entertainment industry, takes the top spot on the list with the stock settling to trade at US$6.27 as of 11.15 a.m. EST on Friday.

The company announced on Thursday its fourth quarter and full-year 2018 results where it reported revenues of US$112.7 million for the fourth quarter, representing a five percent increase year-over-year.

Avid said that its revenues for the 2018 financial year were US$413.3 million, which is a one percent decrease year-over-year.

HyreCar

Shares of HyreCar increased 35.32 percent last week US$7.05 as of 11.15 a.m. EST on Friday.

The company operates a carsharing marketplace for ridesharing through its proprietary technology platform and operates in 50 states in the US.

However, the company didn’t provide any meaningful updates that explained its price hike in the week.

Pareteum

Pareteum, a global cloud software communications company gained 30.26 percent in the week to trade at US$5.08 as of 11.15 a.m. EST on Friday.

The company provided multiple updates in the week, including the reporting of its fourth quarter and 2018 fiscal year results. On Tuesday (March 12),Pareteum said that it generated a revenue growth of 256 percent for the fourth quarter and 139 percent for the 2018 fiscal year.

Further, Pareteum announced on Friday that it won US$17 million in contracts and that it has added 10 new customer agreements.

Fronteo

Next on the list is Fronteo, a leading provider of artificial intelligence-based big data services and operates in multiple fields like healthcare and marketing.

Fronteo announced on Friday the release its KIBIT Automator, a software that specialises in electronic document review operations during electronic discovery procedures. The company said that review operations that are conducted by visual observation is processed at the pace of 60 documents per hour. However, its KIBIT Automator solution is said to accelerate the process to 150 documents per hour.

Shares of Fronteo rose 21.44 percent last week to trade at US$10.14 as of 11.15 a.m.EST on Friday.

Coda Octopus Group

Closing out the list is Coda Octopus Group, which manufactures and markets Echopscope, a 3D subsea sonar technology that enables real-time 3D imaging and mapping in zero visibility conditions underwater.

Shares of the company were up 21.21 percent over the week to trade at US$9.43 as of 11.15 a.m. EST on Friday.

Despite the price increase, the company didn’t provide any updates that explained its price rise in the week.

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.

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