Hot Stock News Buzz – STMicroelectronics N.V. (NYSE:STM)

STMicroelectronics N.V. (NYSE:STM) closed the session among positive movers of Day. STMicroelectronics N.V. noticed its stock performance of +1.54%, indicating a per-share move of +0.26 points, on volume of 4.03 million shares and 5.13 million shares changed at hands on average. Year to date performance for the STM is sits at 51.69%. For the quarter, the stock has changed 24.94%. Monthly stock performance comes in at 15.49%. Looking a little bit closer, performance over the past week was 3.44%.

STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications and a leading supplier of automotive electronics worldwide, together with Allystar, a spin-out from CEC Huada Electronic Design Co. Ltd. and a leading Chinese GNSS chip designer, announce their cooperation to develop and market GNSS (Global Navigation Satellite Systems) solutions for automotive products and other applications.

ST and Allystar are already co-marketing highly reliable products for the automotive market and cost-competitive products for the consumer market.

“GNSS positioning technologies are vital for a variety of services and applications and will be one of the key building blocks for autonomous-driving solutions. Working closely with Allystar, the Chinese leader in GNSS/BeiDou solutions, allows ST to better address the enormous positioning market of China and Asia,” said Marco Monti, Executive Vice President and General Manager, Automotive and Discrete Group, STMicroelectronics.

STMicroelectronics N.V. opened at $16.90 and ended at $17.15 on Tuesday. The company has a market capitalization of $15.15B and a PE ratio of 48.17. The company has a 50 day moving average price of $15.71 sand a 200-day moving average price of $13.13. STMicroelectronics N.V. has a one year low of $5.24 and a one year high of $17.16. The stock has a day high of $17.16 and a day low of $16.90 over the last trading session.

“Smart mobility for the autonomous car includes technologies capable of sensing the vehicle’s environment and its navigation without human input. Many automotive companies are planning and developing vehicles with automated driving systems. Cooperation with ST allows Allystar to benefit from the variety of ST’s automotive and other highly reliable products when serving customers in this fast-growing market,” said Sun Zhong-Liang, General Manager, Allystar.

STMicroelectronics N.V.’s (STM) is currently trading at distance from 20-Day simple moving Average of 7.42% whereas distance from 50-Day Simple moving average is 10.17% and distance from 200-Day Simple Moving Average of 51.67%. Analyst average rating for this stock stands at 2.40.

About the Author

Jacob Roark
Jacob Roark
Jacob Roark also covers the business news across all market sectors for mostvolatilestocks.com. He also has an enormous knowledge of stock market.  Jacob holds an MBA degree from University of Florida. He has more than 10 years of experience in writing financial and market news. He previously worked at a number of companies in different role including web developer, software engineer and product manager. He currently covers Business news section for mostvolatilestocks.com. Email Contact - Jacob@mostvolatilestocks.com.

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