Is United Microelectronics Corp (UMC) Stock About to Get Hot Monday?

United Microelectronics Corp (UMC) stock is lower by 0.74% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator.

United Microelectronics Corp has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on UMC!

See Full UMC Report

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With UMC Stock Today?

United Microelectronics Corp (UMC) stock is higher by 0.19% while the S&P 500 has fallen -0.38% as of 1:46 PM on Monday, Apr 1. UMC has risen $0.02 from the previous closing price of $8.08 on volume of 3,912,002 shares. Over the past year the S&P 500 is up 26.91% while UMC has fallen -7.43%. UMC earned $0.76 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 10.69.

More About United Microelectronics Corp

United Microelectronics is the world's third-largest dedicated chip foundry, with 7% market share in 2021, according to Gartner, after TSMC and GlobalFoundries. UMC's headquarters are in Hsinchu, Taiwan, and it operates 12 fabs in Taiwan, Mainland China, Japan and Singapore, with additional sales offices in Europe, the U.S. and South Korea. UMC features a diverse customer base including Texas Instruments, MediaTek, Qualcomm, Broadcom, Xilinx and Realtek, supplying a wide range of products applied in communications, display, memory, automotive and more. UMC employs about 20,000 people. Click Here to get the full Stock Report for United Microelectronics Corp stock.