STMicroelectronics N.V. (STM) : Traders are bullish on STMicroelectronics N.V. (STM) as it has outperformed the S&P 500 by a wide margin of 23.68% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.17%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.22% in the last 1 week, and is up 24.96% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 8.6% and the 50-Day Moving Average is 19.81%. STMicroelectronics N.V. (NYSE:STM): The stock was completely flat for the day, closing at $7.46 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $7.49, the stock touched an intraday high of $7.49 and a low of $7.43. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $7.46. The total trading volume on Friday was 555,610.
Institutional Investors own 2.04% of STMicroelectronics N.V. shares.
STMicroelectronics N.V. is a semiconductor company. The Company designs, develops, manufactures and markets a range of semiconductor products used in applications, such as Internet of Things (IoT), and serving many different end markets. The Company operates through two business segments: Sense & Power and Automotive Products (SP&A) and Embedded Processing Solutions (EPS). The SP&A segment consists of product lines, such as Automotive (APG), Industrial and Power Discrete (IPD), Analog and MEMS (AMS), and other SP&A. The EPS segment consists of product lines, such as Digital Convergence Group (DCG), and Imaging, BI-CMOS ASIC and Silicon Photonics (IBP) (DCG and IBP are combined as DPG); Microcontrollers, Memory & Secure MCU (MMS), and Other EPS. The Company operates in Semiconductors and Subsystems business areas.