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Universal Display Corp. (OLED) in Focus: Stock Rises 10.7%

Universal Display Corp.OLED was a big mover last session, as the company saw its shares rise nearly 11% on the day. The upside came after the company's CFO, Sidney Rosenblatt, spoke of its prospects related to a Cupertino-based business at the Goldman Sachs U.S. Emerging/SMID Cap Growth Conference. The news led to far more shares changing hands than in a normal session, breaking the recent trend of the company, as the stock is now trading above the volatile price range of $33.36 to $43.51 over the past one month time frame.

The stock has witnessed two upward estimate revisions in the past 30 days. The Zacks Consensus Estimate also moved up 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 the latest jump can turn into more strength down the road.

Universal Display carries a Zacks Rank #2 (Buy), while its Earnings ESP is 0.00%.

Another stock in the elec-misc components industry is Fabrinet FN , sporting a Zacks Rank #1 (Strong Buy).

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Is OLED going up? Or down? Predict to see what others think: Up or Down

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FABRINET (FN): Free Stock Analysis Report

UNIVL DISPLAY (OLED): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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