Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Universal Display (Nasdaq: PANL ) slumped 10% in early trading and remain off more than 6% as the closing bell approaches.
So what: The selloff appears to amount to profit-taking after last week's remarkable run, fueled by much better-than-expected second-quarter results. The OLED supplier may finally be on the way to producing sustainable profits.
Now what: Of course, that'll depend on having customers such as Sony (NYSE: SNE ) and Motorola Solutions (NYSE: MSI ) making good on using its parts to produce high-quality, low-power consumer electronics. Do you agree? Would you buy shares of Universal Display at these levels? Weigh in using the comments box below.
Interested in more info on Universal Display?Add it to your watchlist.