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Enter Symbol:
 
STEC Inc. (STEC) [hlAlert]

Rating:
Sell STEC
up 32.01 %

STEC Inc. (STEC) rated Sell with price target $7 by Auriga

Posted on: Wednesday,  Sep 7, 2011  8:25 AM ET by Auriga

Auriga rated Sell STEC Inc. (NASDAQ: STEC) on 09/07/2011, when the stock price was $9.03. Since
then, STEC Inc. has lost 24.25% as of 09/12/2014's recent price of $6.84.
If you would have followed this Auriga's recommendation on STEC, you would have gained 32.01% of your investment in 1101 days.

STEC, Inc. (STEC) designs, develops, manufactures and markets custom memory solutions based on flash memory and dynamic random access memory (DRAM) technologies. The Company specializes in developing flash drives and memory cards used in sensitive and highly volatile environments and high-density DRAM modules. STEC offers a product line used by original equipment manufacturers (OEMs). Prior to the divestiture of its Consumer Division, the Company also designed, developed, manufactured and marketed open-standard memory solutions based on flash memory, DRAM technologies and external storage solutions used in consumer electronics applications. STEC offers both monolithic DRAM modules and DRAM modules based on its stacking technology. During the year ended December 31, 2008, the Company sold to more than 329 customers, consisting of direct sales and sales through OEM distributors and contract manufacturers that incorporate its products into systems they assemble for STEC?s customers.

Auriga operates full-service institutional equity and fixed income trading desks with state-of-the-art communications technology and trading systems. Through our U.S. corprate parent, Auriga Holdings, LLC we offer a variety of services including whole loan trading and asset management. Through our Spanish parent company, Auriga Securities Sociedad de Valores, S.A., we offer the ability to trade European equity and fixed income products. We connect electronically to buy-side firms; route orders to multiple points of execution and subsequently route to our clearing firm, Pershing, for settlement.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/7/2011 8:25 AM Sell
None
9.03 7.00
as of 12/30/2011
1 Week up  4.44 %
1 Month up  5.81 %
3 Months up  15.36 %
1 YTD up  4.87 %

(*) Stock Price at the time of the recommendation.
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