Weekly roundup of stocks moving in and out of Joel Greenblatt's Magic Formula Investing® screen.

This afternoon, the major stock indexes are trading slightly lower on the trading day. Earlier today, the Dow Jones Industrial Average pierced the psychological 13,000 level. Since that high was made around the noon hour the markets have been slowly declining lower. Despite today’s shallow point decline in the major stock indexes there are still some technical sell offs worth noting.

KLA-Tencor Corporation (NASDAQ:KLAC) is engaged in the design, manufacture and marketing of process control and yield management solutions for the semiconductor and related nanoelectronics industries. KLA-Tencor Corporation achieved its new 52 week high price of $52.11 where it was opened at $51.26 down -0.98 points or -1.91% by closing at $50.26.

8x8, Inc. Announces Record Third Quarter Fiscal 2012 Results

8x8, Inc. (Nasdaq:EGHT), provider of innovative business communications and cloud computing solutions, reported record financial results for the third quarter of fiscal 2012, the period ended December 31, 2011.

Q3FY'12 Business Highlights: