Why Universal Display Stock Jumped 19% in October

Universal Display (NASDAQ: OLED) shares beat the market in October as the stock gained 19% compared to a 2% increase in the S&P 500, according to S&P Global Market Intelligence. The rally reversed losses in the prior month to keep the tech stock well ahead of the broader market, up over 100% so far in 2019.

Image source: Getty Images.

October's rally was powered by surprisingly strong operating results from the glass display specialist. Management revealed on Oct. 30 that robust demand trends are pushing revenue and profitability higher, so much so that Universal Display raised its 2019 outlook on both the top and bottom lines.

Continue reading

Source Fool.com