SemiLEDS (LEDS) surges 73% on semiconductor talks

SemiLEDS (LEDS) is a company that manufactures ultra-high brightness LED chips with state of the art fabrication facilities in Hsinchu Science Park, Taiwan.

SemiLEDs specializes in the development and manufacturing of metal alloy vertical LED chips in blue (white), green and UV using our patented and proprietary MvpLED™ technology. This unique design allows for higher performance and longer lumen maintenance.

While the gains made by the SemiLEDs stock are considerable, it should be noted that there has been no news in the past month that might have led to such gains. Hence, it might be a good idea for investors to take a deeper look into the company in order to get a better idea.

LEDS stock soared 73% to $26. Total volume was 40.55 million shares, compared to its 30-day average volume of 8.89 million shares. The stock moved within a range of $ 11.81 – 20.98 after opening at $17. Over the past month, the stock has moved up 365%. The stock is trading near to the oversold zone as RSI stands above 77.