Rovi Corporation (ROVI) : Traders are bullish on Rovi Corporation (ROVI) as it has outperformed the S&P 500 by a wide margin of 13% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.6%, 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 7.88% in the last 1 week, and is up 12.76% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 5.95% and the fifty day Moving Average is 15.97%. Rovi Corporation is up 27.01% in the last three month period. Year-to-Date the stock performance stands at 27.31%.
Rovi Corporation (ROVI) : The consensus price target for Rovi Corporation (ROVI) is $30 for the short term with a standard deviation of $2.65. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $32, however, the pessimist price target for the company is $27.
Rovi Corporation (NASDAQ:ROVI): On Fridays trading session , Opening price of the stock was $21.63 with an intraday high of $21.63. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $20.965. However, the stock managed to close at $21.21, a loss of 1.76% for the day. On the previous day, the stock had closed at $21.59. The total traded volume of the day was 823,917 shares.
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.