Why Universal Display Inc. Shares Rose 10.4% in July
Shares of Universal Display (NASDAQ: OLED) gained 10.4% in July, according to data from S&P Global Market Intelligence.
The OLED technology researcher and license wrangler didn't have much news of its own to share last month, but the stock jumped every time Apple (NASDAQ: AAPL) sneezed in the general direction of OLED-equipped iPhones.
The smartphone titan from Cupertino has never used organic light-emitting diode screens in iPhones or iPads before, limiting its use of that technology to the Apple Watch product line. If the full line of iPhone 8 models turns out to have OLED screens, as rumor had it at several points in July, that would be a strong growth driver for Universal Display's top line.
Source: Fool.com
Apple Inc. Stock
€176.94
-0.120%
Our community is currently high on Apple Inc. with 77 Buy predictions and 6 Sell predictions.
As a result the target price of 200 € shows a slightly positive potential of 13.03% compared to the current price of 176.94 € for Apple Inc..
