Technical Roundup on Tech Stocks -- Glu Mobile, GigPeak, Universal Display, and China Mobile

01 Sep, 2016, 08:15 ET from Chelmsford Park SA

NEW YORK, September 1, 2016 /PRNewswire/ --

Stock-Callers.com has on its radar the following equities: Glu Mobile Inc. (NASDAQ: GLUU), GigPeak Inc. (NYSE MKT: GIG), Universal Display Corp. (NASDAQ: OLED), and China Mobile Ltd (NYSE: CHL). These stocks belong in the Technology sector, which was lower in late afternoon trade on Wednesday, August 31, 2016. As per the NASDAQ, shares of tech companies in the S&P 500 fell about 0.1%. Sign up today and download for free the research reports for the stocks covered today at: http://stock-callers.com/registration

Glu Mobile  

On Wednesday, San Francisco, California headquartered Glu Mobile Inc.'s stock fell 0.42% to close the day at $2.35 with a total volume of 1.53 million shares traded. The Company's shares have advanced 2.62% in the last month. The stock is trading 0.70% above its 50-day moving average. Additionally, shares of Glu Mobile, which develops, publishes, and markets a portfolio of games for the smartphones and tablet devices users, have a Relative Strength Index (RSI) of 56.74.

On August 2nd, 2016, Glu mobile reported that total revenue was $48.4 million in Q2 2016 compared to $56.2 million in Q2 2015. The company's total Bookings were $50.9 million in Q2 2016 compared to $57.5 million in Q2 2015. Glu Mobile's net loss was $(17.9) million for Q2 2016 compared to a net loss of $(5.5) million for Q2 2015.

On August 03rd, 2016, research firm Wedbush reiterated its 'Neutral' rating on the Company's stock with a decrease of the target price from $2.45 a share to $2.25 a share. GLUU complete research report is just a click away at: http://stock-callers.com/registration/?symbol=GLUU

GigPeak  

Shares in San Jose, California headquartered GigPeak Inc. saw a drop of 2.08%, finishing Wednesday's session at $1.88 and with a total volume of 281,713 shares traded. The stock is trading below its 50-day moving average by 5.61%. Shares of the Company, which provides semiconductor ICs and software solutions for high-speed connectivity and video compression over the network and the cloud, have an RSI of 40.29.

As per notes filed with the SEC, the Compensation Committee of GigPeak's Board of Directors on July 27th, 2016 approved for the Company's principal executive officer, principal financial officer, and its other named executive officers a special one-time bonus for the previously disclosed successful acquisition of Magnum Semiconductor consisting of special one-time cash bonuses in accordance with the Company's normal payroll practices and subject to normal employee tax withholding in the following amounts and the grant of new Restricted Stock Units under the GigPeak, 2008 Equity Incentive Plan. The complimentary report on GIG can be downloaded at: http://stock-callers.com/registration/?symbol=GIG

Universal Display  

Ewing, New Jersey headquartered Universal Display Corp.'s stock finished 3.16% lower at $57.59 with a total volume of 702,656 shares traded. The Company's shares have advanced 5.79% on an YTD basis. The stock is trading above its 200-day moving average by 1.30%. Additionally, shares of Universal Display, which engages in the research, development, and commercialization of organic light emitting diode technologies and materials for use in flat panel displays and solid-state lighting applications, have an RSI of 32.89.

On August 4th, 2016, Universal Display Corp. reported net income of $21.8 million, or $0.46 per diluted share, on revenues of $64.4 million, for Q2 2016. This includes $1.8 million of currency exchange loss related to the BASF OLED patent acquisition. For Q2 2015, the company reported a net loss of $11.8 million, or $0.25 per diluted share, on revenues of $58.1 million. The 2015 net loss reflected a $33.0 million write-down of inventory, primarily of an existing host material and associated work-in-process. Excluding this item and its associated $1.9 million reduction of income tax expense, adjusted net income for Q2 2015 was $19.4 million, or $0.41 per diluted share. On August 05th, 2016, research firm Needham downgraded the Company's stock rating from 'Buy' to 'Hold'. Sign up for your complimentary report on OLED at: http://stock-callers.com/registration/?symbol=OLED

China Mobile  

Shares in Central, Hong Kong-based China Mobile Ltd ended the session 0.82% lower at $60.71. The stock recorded a trading volume of 800,322 shares, which was above its three months average volume of 630,390 shares. The Company's shares have advanced 7.65% over the previous three months and 11.00% on an YTD basis. The stock is trading 2.04% above its 50-day moving average and 9.49% above its 200-day moving average. Moreover, shares of China Mobile, which provides mobile telecommunications and related services in Mainland China and Hong Kong, have an RSI of 48.83. Download the research report for free on CHL at: http://stock-callers.com/registration/?symbol=CHL

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