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.
by RTT Staff Writer
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