Kolkata, West Bengal -- (SBWIRE) -- 09/27/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on Broadcom Corporation(NASDAQ:BRCM), Direxion Shares Exchange Traded Fund Trust (NYSEARCA:DUST).
Broadcom Corporation(NASDAQ:BRCM) shares dropped 1.57% to $26.37. The company on Sept. 26 announced a new line of wireless chips, targeted for use in automotive infotainment applications. Featuring the latest in 5G WiFi and Bluetooth Smart Ready technology, Broadcom's wireless automotive chips will allow drivers and passengers to easily sync and stream content from mobile devices to the car's infotainment system and rear-seat displays. The new chips also enable high-speed connectivity beyond the vehicle, serving Internet and cloud content via LTE telematics or directly from a Hot Spot connection.
Additionally, the company on Sept. 11 announced that network solutions provider D-Link has selected its highly integrated StrataGX(TM) processor and 5G WiFi Enterprise system-on-a-chip (SoC) for its new 11AC Wi-Fi enterprise access point. Broadcom's StrataGX Series and 5G WiFi SoCs deliver a substantial increase in bandwidth to the enterprise, allowing multiple users to simultaneously stream and download content 10x faster than legacy wireless networks.
Should Investors Buy BRCM After Yesterday’s Jump? Find Out Here
Direxion Shares Exchange Traded Fund Trust (NYSEARCA:DUST) shares gained 4.08% to $33.70 in the last trading session. The 52 week trading range for the company is $11.16 - $83.19. The shares of the company climbed 185% in the last one year.
DUST on August 19 has announced it will execute reverse share splits for seven of its leveraged exchange-traded funds ("ETFs"), as well as forward share splits for another two leveraged ETFs. The total market value of the shares outstanding will not be affected as a result of these splits, except with respect to the redemption of fractional shares. Direxion will execute 1-for-4 reverse splits of the shares of the Direxion Daily India Bull 3X Shares (INDL), Direxion Daily Real Estate Bear 3X Shares (DRV), Direxion Daily Semiconductor Bear 3X Shares (SOXS), Direxion Daily Developed Markets Bear 3X Shares (DPK) and Direxion Daily Natural Gas Related Bear 3X Shares (GASX), effective at the open of the markets on Tuesday, August 20, 2013.
How Should Investors Trade DUST After The Recent Volatility? Get Free Trend Analysis Here
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