Information provided by Theflyonthewall.com
Shares of a number of big-name tech companies were weaker after research firms International Data Corporation and Gartner both estimated that PC sales declined by double-digits in the first three months of the year.
IDC estimated PC sales fell 14%, while Gartner said they'd fallen 11% from the prior year. Microsoft
), which was also downgraded by at least three firms, declined 5%, while Hewlett-Packard
) fell over 6% and Intel
) slid more than 2%.
Among the notable gainers was ACADIA Pharmaceuticals
), which surged 50% after the FDA approved its filing of a New Drug Application for a Parkinson's drug candidate and its shares were upgraded at Piper Jaffray.
Also higher was Rite Aid
), which gained 19% after its earnings and guidance beat expectations.
Among the noteworthy losers was Fortinet
), which declined 15% after reporting weaker than expected first quarter results. Fortinet's report also weighed on several of its Internet security peers, with Sourcefire
) sliding 2% to $53 and Palo Alto
) down 1%. (Microsoft owns and publishes Top Stocks, an MSN Money site.)