PMC-Sierra Inc. (PMCS: Quote) 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.
by RTT Staff Writer
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