GigOptix (GIG) Shares Slide -7.35%

GigOptix (GIG) : During the past 4 weeks, traders have been relatively bearish on GigOptix (GIG), hence the stock is down -8.11% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -7.29% relative to the S&P 500. The 4-week change in the price of the stock is -5.03% and the stock has fallen -7.35% in the past 1 week.

The stock has recorded a 20-day Moving Average of 5.83% and the 50-Day Moving Average is 16.07%. GigPeak, Inc. has dropped 17.83% during the last 3-month period . Year-to-Date the stock performance stands at -37.83%.


GigOptix (NYSEMKT:GIG): On Fridays trading session , Opening price of the stock was $2.03 with an intraday high of $2.03. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $1.8. However, the stock managed to close at $1.89, a loss of 5.97% for the day. On the previous day, the stock had closed at $2.01. The total traded volume of the day was 1,773,485 shares.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *