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 21.06% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 16.27%, 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 16.19% in the last 1 week, and is up 25.13% 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 19.8% and the 50-Day Moving Average is 23.45%. STMicroelectronics NV is up 20.5% in the last 3-month period. Year-to-Date the stock performance stands at 13.04%.
STMicroelectronics N.V. (NYSE:STM): stock turned positive on Friday. Though the stock opened at $7.34, the bulls momentum made the stock top out at $7.345 level for the day. The stock recorded a low of $7.27 and closed the trading day at $7.32, in the green by 1.53%. The total traded volume for the day was 1,940,292. The stock had closed at $7.21 in the previous days trading.
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.