Should You Buy United Microelectronics Corp (UMC) Stock on Friday?

The market has been high on United Microelectronics Corp (UMC) stock recently. UMC gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

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

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With UMC Stock Today?

United Microelectronics Corp (UMC) stock is trading at $8.39 as of 10:45 AM on Friday, Mar 8, a gain of $0.14, or 1.64% from the previous closing price of $8.26. The stock has traded between $8.24 and $8.45 so far today. Volume today is below average. So far 2,713,628 shares have traded compared to average volume of 7,195,633 shares. To screen for more stocks like United Microelectronics Corp click here.

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.