MIPS Technologies Inc. (MIPS) moved in a narrow range for the majority of Thursday's session, but broken out sharply in the final 2 hours of trade. The stock finished up by 1.37 at $6.58, with volume at over an 11-month high.
MIPS Technologies surged to nearly a 2-month high and re-crossed both its 50 and 200-day moving averages. There were unconfirmed reports in the afternoon that the company hired Goldman Sachs to find a potential buyer.
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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.