Universal Display Corp. (OLED) was a big mover last session, as the company saw its shares rise over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company — as the stock is now up more than 20% since Aug 8, 2014.
The company has seen 4 positive estimate revisions in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Universal Display currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.
Other well-performing stocks in the electric miscellaneous components sector include AVX Corp. (AVX), InvenSense, Inc. (INVN) and ZAGG Inc (ZAGG). While AVX sports a Zacks Rank #1 (Strong Buy), InvenSense and ZAGG have the same Zacks Rank as Universal Display.
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