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Avid Technology, Inc. (NASDAQ: AVID) shares declined 28.76 percent to close at $4.93 a share Monday. The stock traded between $4.80 and $6.70 on volume of 12.67 million shares traded. The company announced that it has received a delisting letter from NASDAQ, effective at the open of business on Tuesday, February 25, 2014. Shares of Avid Technology are down approximately 40.0 percent year-to-date.
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Palo Alto Networks Inc. (NYSE: PANW) shares spiked 4.29 percent to close at $77.05 a share Monday. The stock traded between $76.56 and $79.99 on volume of 3.81 million shares traded. The company reported revenues were a record $141.1 million for the second quarter of fiscal 2014, an increase of 46.0 percent when compared to a year ago. Shares of Palo Alto Networks are up approximately 33.0 percent year-to-date.
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SINA Corp. (NASDAQ: SINA) shares jumped 4.29 percent to close at $76.08 a share Monday. The stock traded between $74.60 and $78.49 on volume 6.34 million shares traded. It has been reported that the company is planning a U.S. initial public offering of its Weibo social-media service. Shares of SINA are down approximately 10.0 percent year-to-date.
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Trex Company, Inc. (NYSE: TREX) shares surged 20.73 percent to close at $82.58 a share Monday. The stock traded between $75.00 and $86.85 on volume 1.41 million shares traded. The company reported net sales were $63.8 million for the fourth quarter of 2013, an increase of 38.0 percent when compared to a year ago. Shares of Trex are up approximately 4.0 percent year-to-date.
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