Renesas Electronics (OTCMKTS:RNECF) Trading 16.2% Higher – Here’s What Happened

by · The Markets Daily

Renesas Electronics Co. (OTCMKTS:RNECF – Get Free Report)’s stock price was up 16.2% on Thursday . The company traded as high as $13.81 and last traded at $13.6550. Approximately 19,512 shares traded hands during mid-day trading, an increase of 58% from the average daily volume of 12,325 shares. The stock had previously closed at $11.75.

Renesas Electronics Stock Performance

The company’s fifty day simple moving average is $12.24 and its 200-day simple moving average is $12.36.

About Renesas Electronics

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Renesas Electronics Corporation researches, develops, designs, manufactures, sells, and services semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally. The company operates through Automotive Business and Industrial/Infrastructure/IoT Business segments. It offers microcontrollers (MCUs) and microprocessors; amplifiers, audio and video, data converters, power line communication, and switches and multiplexer products; and specific clocks, clock distribution and generation, jitter attenuators with frequency translation, and crystal oscillator, and VersaClock programmable clocks.

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