Universal Display Corporation (NASDAQ:OLED) : Traders are bullish on Universal Display Corporation (NASDAQ:OLED) as it has outperformed the S&P 500 by a wide margin of 1.12% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.46%, 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 3.77% in the last 1 week, and is up 2.75% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 47.39% from its 1 Year high price. On Jun 9, 2016, the shares registered one year high at $71.46 and the one year low was seen on Oct 1, 2015. The 50-Day Moving Average price is $67.38 and the 200 Day Moving Average price is recorded at $55.67.
The stock has recorded a 20-day Moving Average of 4.63% and the 50-Day Moving Average is 11.69%.
Universal Display Corporation (NASDAQ:OLED): stock turned positive on Friday. Though the stock opened at $68.74, the bulls momentum made the stock top out at $70.95 level for the day. The stock recorded a low of $68.13 and closed the trading day at $70.69, in the green by 4.20%. The total traded volume for the day was 621,014. The stock had closed at $67.84 in the previous days trading.
In an insider trading activity, The director officer (EVP and CFO), of Universal Display Corp Pa, Rosenblatt Sidney D had unloaded 25,000 shares at $61.56 per share in a transaction on April 19, 2016. The total value of transaction was $1,539,000. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in displays for wearables, smartphones, tablets and televisions, as well as solid-state lighting applications. The Companys flat panel displays are used for a variety of portable consumer electronics products, such as cell phones, portable media devices, digital cameras, tablets and laptop computers. The Company also supplies its OLED materials to manufacturers of OLED displays and lighting products for evaluation and for use in product development and for pre-commercial activities and it provides technical assistance and support to these manufacturers. Its customers include LG Display, Tohoku Pioneer and Konica Minolta, among others.