InvenSense (INVN) Shares are Up 5.44%

InvenSense (INVN) : Traders are bullish on InvenSense (INVN) as it has outperformed the S&P 500 by a wide margin of 7.18% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.51%, 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 5.44% in the last 1 week, and is up 10.78% 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 6.9% and the 50-Day Moving Average is 8.91%. InvenSense, Inc. has dropped 11.72% during the last 3-month period . Year-to-Date the stock performance stands at -33.72%.


InvenSense (NYSE:INVN): On Fridays trading session , Opening price of the stock was $7.2 with an intraday high of $7.24. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $6.69. However, the stock managed to close at $6.78, a loss of 2.59% for the day. On the previous day, the stock had closed at $6.96. The total traded volume of the day was 3,015,750 shares.

Also, Northland Securities upgrades their rating on the shares of InvenSense (NYSE:INVN). The current rating of the shares is Outperform. Earlier, the shares were rated a Market Perform by the brokerage firm. The rating by the firm was issued on July 29, 2016.

InvenSense, Inc. (InvenSense) is engaged in designing, developing, manufacturing and marketing devices and related software for sensor system-on-chip (SoC) for the motion and sound markets. The Company designs, develops, markets and sells sensor SoCs, including accelerometers, gyroscopes and microphones for the mobile, wearable, smart home, gaming, industrial and automotive market segments. The Companys motion solutions detect and track an objects motion in three-dimensional space. It assimilates information from gyroscopes, accelerometers, magnetometers, pressure sensors and microphones to determine how a host device is moving, its direction, its elevation and what it is hearing. The Companys sensor SoC devices consist of various fundamental components, such as its micro-electro-mechanical-systems (MEMS)-based motion sensors combined with its mixed-signal circuitry for signal processing; its MotionFusion technology, and the MotionApps platform.

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