STEC Inc. Broke Above Range Wednesday, Set New Yearly High

Shares of STEC Inc. (STEC) climbed during the first 2 hours of Wednesday's session, but gave back some of its gains around the middle of the afternoon. The stock finished higher by $2.30 at $25.49.

STEC Inc. has experienced a sharp increase in both trading volume and share price since the company reported better than anticipated first quarter earnings on May 11. The stock broke out of a 2-week range Wednesday and finished at a new high for the year.

by RTTNews Staff Writer

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