Rovi Corporation (ROVI) : Traders are bullish on Rovi Corporation (ROVI) as it has outperformed the S&P 500 by a wide margin of 17.11% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.63%, 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 1.57% in the last 1 week, and is up 21.04% 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 8.02% and the 50-Day Moving Average is 11.94%. Rovi Corporation is up 6.75% in the last 3-month period. Year-to-Date the stock performance stands at 12.91%.
Rovi Corporation (NASDAQ:ROVI): stock turned positive on Friday. Though the stock opened at $17.51, the bulls momentum made the stock top out at $18.93 level for the day. The stock recorded a low of $17.51 and closed the trading day at $18.81, in the green by 2.28%. The total traded volume for the day was 1,175,650. The stock had closed at $18.39 in the previous days trading.
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.