Rovi Corporation (ROVI) has risen sharply, recording gains of 6.16% in the past 4 weeks. However, the stock has corrected -2.43% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.75% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Rovi Corporation is up 19.3% in the last 3-month period. Year-to-Date the stock performance stands at 18.01%. The stock has recorded a 20-day Moving Average of 1.14% and the 50-Day Moving Average is 10.46%.
Rovi Corporation (NASDAQ:ROVI): The stock opened at $19.85 on Friday but the bulls could not build on the opening and the stock topped out at $19.99 for the day. The stock traded down to $19.50 during the day, due to lack of any buying support eventually closed down at $19.66 with a loss of -1.16% for the day. The stock had closed at $19.89 on the previous day. The total traded volume was 852,946 shares.
Rovi Corporation is a digital entertainment technology company. The Company is focused on content discovery and personalization through its technology and intellectual property, using data and analytics to monetize interactions across various entertainment platforms. Content discovery solutions include interactive program guides (IPGs), search and recommendations, cloud data services and its database of metadata, which includes descriptive information, promotional images or other content that describe or relate to Television shows, videos, movies, music, books, games or other entertainment content. The Company also offers advertising and analytics services. The Company operates under the following segments: Intellectual Property Licensing, Products and Corporate. Its solutions are deployed around the world in the cable, satellite, consumer electronics, entertainment, media and online distribution markets.