United Microelectronics (UMC) Reaches $3.11 52-Week High; BIOSOLAR (BSRC) SI Increased By 837.04%

June 13, 2018 - By Linda Rogers

BioSolar, Inc. (OTCMKTS:BSRC) Logo

The stock of United Microelectronics Corporation (NYSE:UMC) hit a new 52-week high and has $3.20 target or 3.00% above today’s $3.11 share price. The 7 months bullish chart indicates low risk for the $7.36B company. The 1-year high was reported on Jun, 13 by Barchart.com. If the $3.20 price target is reached, the company will be worth $220.71 million more. The stock increased 7.07% or $0.205 during the last trading session, reaching $3.105. About 1.09M shares traded or 39.44% up from the average. United Microelectronics Corporation (NYSE:UMC) has risen 33.00% since June 13, 2017 and is uptrending. It has outperformed by 20.43% the S&P500. Some Historical UMC News: ; 03/04/2018 – UMC 2303.TW SAYS IT ORDERS EQUIPMENT FOR T$1.05 BLN; 25/04/2018 – UMC 1Q NET INCOME NT$3.4B, EST. NT$701.6M; 25/04/2018 – TAIWAN’S UMC 2303.TW UMC.N SAYS BOARD APPROVES CAPITAL BUDGET EXECUTION OF T$3.4 BLN; 16/05/2018 – MOLECULIN TO BEGIN CLINICAL TRIALS AT UMC SOUTHWEST CANCER CENTER; 10/04/2018 – UMC Reports Sales for March 2018; 10/04/2018 – TAIWAN’S UMC 2303.TW UMC.N SAYS MARCH SALES DOWN 2.7 PCT Y/Y; 09/03/2018 – United Microelectronics Corp. Feb Rev NT$11.91B; 25/04/2018 – UMC SEES 2Q FOUNDRY CAPACITY UTILIZATION IN MID-90% RANGE; 09/05/2018 – UMC Reports Sales for April 2018; 09/05/2018 – TAIWAN’S UMC 2303.TW SAYS APRIL SALES UP 4.07 PCT Y/Y

BIOSOLAR INC (OTCMKTS:BSRC) had an increase of 837.04% in short interest. BSRC’s SI was 25,300 shares in June as released by FINRA. Its up 837.04% from 2,700 shares previously. The stock increased 16.67% or $0.005 during the last trading session, reaching $0.035. About 10,000 shares traded. BioSolar, Inc. (OTCMKTS:BSRC) has 0.00% since June 13, 2017 and is . It has underperformed by 12.57% the S&P500.

BioSolar, Inc. develops technologies and materials for storing electrical energy produced by photovoltaic solar modules. The company has market cap of $1.82 million. It offers BioBacksheet, a green back sheet for photovoltaic solar modules that provides electrical insulation, protection from the environment, and an increase in the panel output. It currently has negative earnings. The firm also focuses on developing silicon alloy based anode materials for lithium-ion batteries.

More important recent United Microelectronics Corporation (NYSE:UMC) news were published by: Benzinga.com which released: “Capital Return Program Wins United Microelectronics An Upgrade From Bernstein” on June 11, 2018, also Twst.com published article titled: “UMC – United Microelectronics Corporation: UMC Shareholders Elect 14th Term of Directors at Annual Shareholders …”, Businesswire.com published: “UMC Reports Sales for May 2018” on June 08, 2018. More interesting news about United Microelectronics Corporation (NYSE:UMC) was released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For June 11, 2018” with publication date: June 11, 2018.

Among 4 analysts covering United Microelectronics Corp (NYSE:UMC), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. United Microelectronics Corp had 7 analyst reports since August 11, 2015 according to SRatingsIntel. The stock of United Microelectronics Corporation (NYSE:UMC) earned “Hold” rating by Zacks on Tuesday, August 11. The rating was upgraded by JP Morgan to “Overweight” on Wednesday, October 14. On Monday, June 11 the stock rating was upgraded by Bernstein to “Market Perform”. The firm has “Underperform” rating by Bernstein given on Thursday, July 27. On Wednesday, January 24 the stock rating was upgraded by Credit Suisse to “Hold”. The stock of United Microelectronics Corporation (NYSE:UMC) earned “Buy” rating by HSBC on Wednesday, January 27. The stock has “Underperform” rating by Credit Suisse on Thursday, July 27.

United Microelectronics Corporation provides semiconductor wafer foundry solutions. The company has market cap of $7.36 billion. It provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. It has a 24.84 P/E ratio. The firm also engages in the research, development, and manufacture of products in the solar energy and LED industries.

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