Ubiquiti Networks (UBNT) Outpaces Segment, Gets Back Above $9.50 Level
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Ubiquiti Networks Inc. (Nasdaq: UBNT) shares continue to march higher Friday.
After a relatively flat start, the stock is currently up 11.7 percent with lighter volume.
Volatility on the move is up 7 percent from Thursday's close and at 42 percent of its trailing annual average.
No specific news is out on the company today, though the stock is moving above the $9.50 resistance level. Shares fell 37 percent following fourth-quarter results on August 9th.
After a relatively flat start, the stock is currently up 11.7 percent with lighter volume.
Volatility on the move is up 7 percent from Thursday's close and at 42 percent of its trailing annual average.
No specific news is out on the company today, though the stock is moving above the $9.50 resistance level. Shares fell 37 percent following fourth-quarter results on August 9th.
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