GigOptix (GIG) has been under a strong bear grip, hence the stock is down -7.02% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.01% in the past 1 week. The stock has risen by 0.52% in the past week indicating that the buyers are active at lower levels, but the stock is down -7.14% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.76% and the 50-Day Moving Average is 1.7%.The 200 Day SMA reached 21.05%. GigPeak, Inc. has dropped 25.86% during the last 3-month period . Year-to-Date the stock performance stands at -35.86%.
GigOptix (NYSEMKT:GIG): The stock was completely flat for the day, closing at $1.95 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $1.96, the stock touched an intraday high of $1.96 and a low of $1.91. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $1.95. The total trading volume on Friday was 301,251.
GigOptix, Inc. (GigOptix) is a fabless supplier of semiconductor and optical components that enable high-speed end-to-end information streaming over the network and address emerging high-growth opportunities in the communications, industrial, defense and avionics industries. The business is made up of two product lines: the High-Speed Communications (HSC) product line and the Industrial product line. The Company offers an array of high performance MMIC solutions that enable next generation wireless microwave systems up to 90GHz and drivers, TIAs and TFPS optical modulators for 40G and 100G fiber-optic telecommunications and data-communications networks. It also offers a wide range of digital and mixed-signal ASIC solutions.