3 Tech Stocks That Soared Last Week

Sources: Universal Display, Ambarella, and VirnetX.

The markets had a quiet week between June 23 and June 27. None of the major market indices ended the week more than 1% away from Monday morning's starting point.

But these three tech stocks clearly never got the order to lay low:

  • Patent portfolio manager VirnetX Holding (NYSEMKT: VHC  ) surged last Tuesday and then held steady, closing the week 10.8% higher.

  • Digital video processor designer Ambarella (NASDAQ: AMBA  ) followed a similar pattern, rising as much as 11.3% by Tuesday before sliding back to a more modest 4.8% full-week gain.

  • OLED technology researcher Universal Display (NASDAQ: OLED  ) did it the other way around, trading sideways or down until last Friday -- when it surged 9% in a single day.

Those are the numbers, dear Fool. To find out more about the catalysts for each of these surging tech stocks, check out the slideshow below.

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Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

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Anders Bylund

Anders Bylund is a Foolish Technology and Entertainment Specialist. Where the two markets intersect, you'll find his wheelhouse. He has been an official Fool since 2006 but a jester all his life.

Hypoallergenic. Contains six flavors not found in nature. Believes in coyotes and time as an abstract.

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9/1/2015 3:59 PM
AMBA $89.61 Down -6.02 -6.30%
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