PMC-Sierra Inc. (PMCS) drifted gradually lower during the first hour of Wednesday's session, before settling into a narrow range. The stock broke out sharply going into the close and finished up by 0.60 at $7.69 on above average volume.
PMC-Sierra broke out to an 8-month high Wednesday. There were unconfirmed reports that the company has held talks with potential buyers.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.