Universal Display Corporation OLED shares are trading higher by $4.60 (8.4 percent) at $61.10 in Monday's session. The catalyst for the rally is an upgrade from Goldman Sachs from Neutral to Buy. The firm expects the company to be a key beneficiary of Apple Inc. AAPL's first-time adoption of OLED displays or iPhone beginning in 2017, according to Reuters.
After a higher open, it retreated $0.16 to $59.25 before resuming its move higher. So far, the rally has come short of its all-time high that was made in April 2011 ($63.78). The current high stands at $62.45, which is shy of its April 19 high ($63).
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