Universal Display Corporation

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Investigation Details

On October 30, 2024, Universal announced 3Q 2024 revenue results that fell short of consensus and lowered its CY2024 revenue guidance. Analysts questioned the continued delay and lack of an “explicit timeline” in the commercial availability of its phosphorescent blue emissive system.

Following this news, OLED’s stock price fell by $22.84 per share, or approximately 12% to close at $180.32 per share.