3 Tech Stocks That Soared Last Week

By Anders Bylund – Jun 30, 2014 at 12:46PM

NYSE: VHC

VirnetX Holding

Market Cap

$20M

Today's Change

(-0.47%) -$0.03

Current Price

$5.39

Price as of April 25, 2024, 3:40 p.m. ET

The markets just had a very quiet week, but that didn't stop Universal Display, VirnetX, and Ambarella from soaring. This slideshow explains why.

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 (VHC -0.47%) surged last Tuesday and then held steady, closing the week 10.8% higher.
Digital video processor designer Ambarella (AMBA -0.61%) 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 (OLED 0.09%) 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.

Anders Bylund owns shares of Google (A and C shares), and Universal Display. The Motley Fool recommends Ambarella, Apple, Google (A and C shares), RPX, and Universal Display. The Motley Fool owns shares of Ambarella, Apple, Google (A and C shares), and Universal Display.

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