InterDigital Inc (IDCC)

[Gamco]

InterDigital Inc. (IDCC) Moves Higher on Volume Spike for April 10
Equities Staff ? Follow | Tuesday, 10 April 2018 17:18 (EST)

InterDigital Inc. (IDCC) traded on unusually high volume on Apr. 10, as the stock gained 2.37% to close at $77.80. On the day, InterDigital Inc. saw 441,644 shares trade hands on 2,867 trades. Considering that the stock averages only a daily volume of 236,102 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $93.00 and $67.55 over the last 52-weeks, its 50-day SMA is now $75.36, and its 200-day SMA $74.67. InterDigital Inc. has a P/B ratio of 3.15. It also has a P/E ratio of 15.5.

InterDigital Inc functions within the communication segment. It develops technologies that enable and enhance wireless communications.

Headquartered in Wilmington, DE, InterDigital Inc. has 360 employees and is currently under the leadership of CEO William J. Merritt.

For a complete fundamental analysis analysis of InterDigital Inc., check out Equities.com’s Stock Valuation Analysis report for IDCC.

https://www.equities.com/news/interdigital-inc-idcc-moves-higher-on-volume-spike-for-april-10