Rovi Corporation (ROVI) Shares are Up 4.63%

Rovi Corporation (ROVI) : Traders are bullish on Rovi Corporation (ROVI) as it has outperformed the S&P 500 by a wide margin of 12.62% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.18%, 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 4.63% in the last 1 week, and is up 15.43% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Rovi Corporation (NASDAQ:ROVI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.36 and $19.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.68, notching a gain of 2.50% for the day. The total traded volume was 706,060 . The stock had closed at $19.20 on the previous day.

The stock has recorded a 20-day Moving Average of 7.98% and the 50-Day Moving Average is 15.31%. Rovi Corporation is up 24.79% in the last 3-month period. Year-to-Date the stock performance stands at 18.13%.

Rovi Corporation (ROVI) : 3 investment research analysts covering Rovi Corporation (ROVI) have an average price target of $30 for the near short term. The highest target price given by the Brokerage Firm to the stock is $32 and the lowest target is $29 for the short term. Analysts expect the variance to be within $1.73 of the average price.


Rovi Corporation is a digital entertainment technology company. The Company is focused on content discovery and personalization through its technology and intellectual property, using data and analytics to monetize interactions across various entertainment platforms. Content discovery solutions include interactive program guides (IPGs), search and recommendations, cloud data services and its database of metadata, which includes descriptive information, promotional images or other content that describe or relate to Television shows, videos, movies, music, books, games or other entertainment content. The Company also offers advertising and analytics services. The Company operates under the following segments: Intellectual Property Licensing, Products and Corporate. Its solutions are deployed around the world in the cable, satellite, consumer electronics, entertainment, media and online distribution markets.

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