Tech stocks were mixed Friday afternoon with the Technology Select Sector SPDR Fund (XLK) rising 0.5% and the Philadelphia Semiconductor index falling 0.4%.
In company news, BlackBerry (BB), which has been reviewing strategic alternatives, might get a potential offer from Veritas Capital, Bloomberg reported Friday. BlackBerry shares jumped 16%.
Marvell Technology (MRVL) shares fell 7.5% after Morningstar downgraded the stock to hold from buy. On Thursday, Marvell reported lower fiscal Q2 non-GAAP diluted earnings and revenue.
Weibo (WB) shares fell 9.7% as Benchmark Capital downgraded the stock after the Chinese social-media company reported a decline in Q2 revenue.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Image and article originally from www.nasdaq.com. Read the original article here.