Universal Display Corporation (OLED) : Money flow in the Universal Display Corporation (OLED) stock was negative (3.4 million) on Monday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $5.14 million, compared to $8.54 million on downticks. The total uptick to downtick ratio was 0.6, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($3.02 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $3.02 million, indicating persistent selling. Universal Display Corporation (OLED) traded $0.15 higher at $69.65 gaining 0.21% over the previous days close.
Universal Display Corp. is up 11.82% in the last 3-month period. Year-to-Date the stock performance stands at 28.09%. Universal Display Corp. has dropped 0.2% in the last five trading days, however, the shares have posted positive gains of 1.41% in the last 4 weeks. In a related news,The director officer (EVP and CFO) of Universal Display Corp Pa, Rosenblatt Sidney D sold 25,000 shares at $61.56 on April 19, 2016. The Insider selling transaction had a total value worth of $1,539,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Universal Display Corporation (NASDAQ:OLED): stock turned positive on Monday. Though the stock opened at $69.86, the bulls momentum made the stock top out at $70.1 level for the day. The stock recorded a low of $69.18 and closed the trading day at $69.73, in the green by 0.33%. The total traded volume for the day was 479,723. The stock had closed at $69.5 in the previous days trading.
Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED), technologies and materials for use in displays for wearables, smartphones, tablets and televisions, as well as solid-state lighting applications. The Companys flat panel displays are used for a variety of portable consumer electronics products, such as cell phones, portable media devices, digital cameras, tablets and laptop computers. The Company also supplies its OLED materials to manufacturers of OLED displays and lighting products for evaluation and for use in product development and for pre-commercial activities and it provides technical assistance and support to these manufacturers. Its customers include LG Display, Tohoku Pioneer and Konica Minolta, among others.