Rambus (RMBS) : Traders are bullish on Rambus (RMBS) as it has outperformed the S&P 500 by a wide margin of 1.68% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.8%, 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 1.76% in the last 1 week, and is up 2.06% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Rambus Inc. is up 18.8% in the last 3-month period. Year-to-Date the stock performance stands at 19.41%. The stock has recorded a 20-day Moving Average of 1.67% and the 50-Day Moving Average is 8.38%.
Rambus (NASDAQ:RMBS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.55 and $13.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.84, notching a gain of 2.06% for the day. The total traded volume was 513,531 . The stock had closed at $13.56 on the previous day.
Also, Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Rambus (NASDAQ:RMBS). Citigroup has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $15 per share from a prior target of $14. The rating by the firm was issued on July 20, 2016.
Rambus Inc. is a technology solutions company. The Companys technology portfolio addresses the evolving power, performance and security requirements of the mobile, cloud computing and connected device markets. It offers solutions in memory, chip interfaces and architectures, security and advanced light emitting diode (LED) lighting. The Company has four operational units: Memory and Interfaces Division (MID), which focuses on the design, development and licensing of technology that is related to memory and interfaces; Cryptography Research Division (CRD), which focuses on the design, development and licensing of technologies for chip and system security and anti-counterfeiting; Emerging Solutions Division (ESD), which includes the Companys computational sensing and imaging group along with its development efforts in the area of emerging technologies, and Lighting and Display Technologies (LDT), which focuses on the design, development and licensing of technologies for lighting.