EMCORE Corporation (EMKR) Shares are Up 6.29%

EMCORE Corporation (EMKR) has been under a strong bear grip, hence the stock is down -20.45% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 6.23% in the past 1 week. The stock has risen by 6.29% in the past week indicating that the buyers are active at lower levels, but the stock is down -19.63% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 4.37% and the 50-Day Moving Average is 10.17%. EMCORE Corporation (NASDAQ:EMKR): stock turned positive on Friday. Though the stock opened at $5.08, the bulls momentum made the stock top out at $5.3 level for the day. The stock recorded a low of $5.07 and closed the trading day at $5.24, in the green by 3.56%. The total traded volume for the day was 931,352. The stock had closed at $5.06 in the previous days trading.


The company Insiders own 1.54% of EMCORE Corporation shares according to the proxy statements. Institutional Investors own 66.83% of EMCORE Corporation shares.

EMCORE Corporation (EMCORE) offers a portfolio of compound semiconductor-based products for the broadband, fiber optics, space and solar power markets. The Company operates in two segments: Fiber Optics and Photovoltaics. EMCOREs Fiber Optics segment offers optical components, subsystems and systems for high-speed data and telecommunications, cable television (CATV) and fiber-to-the-premises (FTTP) networks as well as products for satellite communications, video transport and specialty photonics technologies for defense and homeland security applications. The Companys Photovoltaics segment provides products for space power applications, including multi-junction solar cells, coverglass interconnected cells, and complete satellite solar panels; and terrestrial applications, such as GaAs solar cells for concentration photovoltaic power systems.

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