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.
by RTT Staff Writer
For comments and feedback: email@example.com