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Applied Materials, Inc. (NASDAQ: AMAT) shares spiked 9.09 percent to close at $17.44 a share Monday. The stock traded between $16.95 and $17.52 on volume of 88.80 million shares traded. The company announced that it has acquired Tokyo Electron Limited in an all-stock deal valued at more than $9 billion. Shares of Applied Materials have gained approximately 52.0 percent year-to-date.
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Cbeyond, Inc. (NASDAQ: CBEY) shares jumped 8.74 percent to close at $6.47 a share Tuesday. The stock traded between $6.29 and $6.53 on volume of 343,412 shares traded. Raymond James has upgraded its rating on the company to "outperform" from "market perform". Shares of Cbeyond have fallen approximately 28.0 percent year-to-date.
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Cypress Semiconductor Corporation (NASDAQ: CY) shares dropped 14.87 percent to close at $9.65 a share Tuesday. The stock traded between $9.50 and $10.55 on volume of 20.29 million shares traded. The company has lowered its guidance for the third quarter of 2013. Consolidated revenue is now expected to be in the range of $184 million to $187 million. Shares of Cypress Semiconductor have fallen approximately 11.0 percent year-to-date.
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Facebook Inc. (NASDAQ: FB) shares gained 2.67 percent to close at $48.45 a share Tuesday. The stock traded between $48.19 and $49.66 volume of 136.27 million shares traded. Citigroup has upgraded its rating on the company to "buy" from "neutral". Shares of Facebook have gained approximately 82.0 percent year-to-date.
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