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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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.