Universal Display (OLED) Takes Momentum; Takeover Battle for Nanosphere (NSPH)
Shares of Universal Display Corp. (Nasdaq:OLED) climbed to touch the $62.45 mark in early trade after investment analysts at Goldman Sachs upgraded the company’s stock from Neutral to Buy and indicated that tech giant Apple Inc. (Nasdaq:AAPL) would use organic LED technology in its iPhones starting next year.
OLED stock is exchanging hands at $61.85, up $5.44 (or +9.64%), with a volume of 1,584,580 shares traded do far
Universal Display, which engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies, has 46.85M Shares Outstanding and OLED stock 52-week range is from $32.47 to $63.00 per share
The price of Nanosphere, Inc. (Nasdaq:NSPH) stock soared on Monday’s trading session as Luminex Corp. (Nasdaq:LMNX) boosted its takeover offer for the molecular diagnostics company from $1.35 to $1.70 per share – as a response of an unsolicited third party offer of $1.50 per share -.
NSPH stock is trading at $1.67, up $0.36 (or +27.48%), and 23,574,085 of its shares exchanged hands so far, representing a large increase in activity versus its average volume (3m) of 674,256 shares
Nanosphere, which develops, manufactures, and markets molecular diagnostic tests for infectious diseases and associated drug resistance markers, has 13.54M Shares Outstanding and NSPH stock one-year range is between $0.48 and $3.90 per share
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