Universal Display (OLED) in Focus: Stock Soars 25.6%

Zacks

Universal Display Corp. (OLED) was a big mover last session, as the company saw its shares rise by nearly 26% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This changes the recent trend of the company, as the stock is now trading above the volatile price range of $29.15 to $33.27 in the past one-month time frame.

The company has seen 3 positive revisions in the past 30 days and the Zacks Consensus Estimate has moved higher over the same time frame, suggesting that more solid trading could be ahead for Universal Display. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.

Universal Display currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.

A better performing stock in the electronics and miscellaneous component industry is Fabrinet (FN) with a Zacks Rank #1 (Strong Buy). Ballard Power Systems Inc. (BLDP) and CalAmp Corp. (CAMP) are also worth considering in the same industry with a Zacks Rank #2.

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