United Microelectronics Corp (NYSE: UMC) stock enjoyed a major increase of 12.7% on 7/31/24. The shares closed at $8.37. Moreover, this advance was accompanied by exceptionally high trading volume at 235% of normal. The stock has performed in line with the market over the last nine months and has risen 7.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, UMC is expected to continue to be a modest Value Builder.
United Microelectronics has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. United Microelectronics has a slightly positive Appreciation Score of 62 but a slightly negative Power Rating of 39, triggering the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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