STMicroelectronics N.V. (STM) : Traders are bullish on STMicroelectronics N.V. (STM) as it has outperformed the S&P 500 by a wide margin of 12.4% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.58%, 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 1.75% in the last 1 week, and is up 11.8% 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 5.36% and the 50-Day Moving Average is 9.38%.The 200 Day SMA reached 32.03%
STMicroelectronics N.V. (NYSE:STM): After opening at $8.06, the stock dipped to an intraday low of $8.04 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $8.18 and the buying power remained strong till the end. The stock closed at $8.15 for the day, a gain of 3.16% for the day session. The total traded volume was 2,341,459. The stocks close on the previous trading day was $8.15.
STMicroelectronics N.V. (STM) : Average target price received by STMicroelectronics N.V. (STM) is $6.67 with an expected standard deviation of $1.53. The most aggressive target on the stock is $8, whereas the most downbeat target is $5. 3 financial analysts are currently covering the stock.
STMicroelectronics N.V. is a semiconductor company. The Company designs, develops, manufactures and markets a range of semiconductor products used in applications, such as Internet of Things (IoT), and serving many different end markets. The Company operates through two business segments: Sense & Power and Automotive Products (SP&A) and Embedded Processing Solutions (EPS). The SP&A segment consists of product lines, such as Automotive (APG), Industrial and Power Discrete (IPD), Analog and MEMS (AMS), and other SP&A. The EPS segment consists of product lines, such as Digital Convergence Group (DCG), and Imaging, BI-CMOS ASIC and Silicon Photonics (IBP) (DCG and IBP are combined as DPG); Microcontrollers, Memory & Secure MCU (MMS), and Other EPS. The Company operates in Semiconductors and Subsystems business areas.