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The Price And Volume Action In United Microelectronics's Stock Today
United Microelectronics's (NYSE:UMC) stock has been rising Friday, up 8.04% to a price of $10.35. Friday the stock has been traded at a volume of 1.01 million, about 18.65% of its recent 30-day volume average of 5.42 million.
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Why It's Moving
Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: United Microelectronics Corp shares are trading higher, potentially amid recent reports the company is planning on raising prices due to the chip shortage.
Insights On Recent Price Action
The 50-day moving average price of United Microelectronics's stock was $9.25 when this article was published. The stock reached a high of $11.28 and a low of $2.39 in the past 52 weeks.
If you're looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving' alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.