Market Overview

Universal Display (OLED) Soars: Stock Rises 15.2% in Session - Tale of the Tape

Universal Display Corp. (NASDAQ: OLED) was a big mover last session, as the company saw its shares rise over 15% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $22.93 to $28.26 since Apr 25.
 
The company has seen one positive revision in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Universal Display. So make sure to keep an eye on this stock going forward to see if Friday's jump can turn into more strength down the road. 
 
Universal Display currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
 
However, better-ranked stocks in the computer and technology sector include Alliance Fiber Optic Products Inc. (NASDAQ: AFOP), Applied Micro Circuits Corporation (NASDAQ: AMCC) and AU Optronics Corp. (NYSE: AUO). All of these sport a Zacks Rank #1 (Strong Buy). 
 
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
ALLIANCE FIBER (NASDAQ: AFOP): Free Stock Analysis Report
 
APPLD MICRO CIR (NASDAQ: AMCC): Free Stock Analysis Report
 
AU OPTRONCS-ADR (NYSE: AUO): Free Stock Analysis Report
 
UNIVL DISPLAY (NASDAQ: OLED): Free Stock Analysis Report
 
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The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

 

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