The organic LED specialist just signed a new long-term material supply and licensing deal with China's largest display maker.
OSIS vs. OLED: Which Stock Is the Better Value Option?
Shares of Universal Display Corporation (NASDAQ: OLED) jumped 21.6% in November, according to data provided by S&P Global Market Intelligence, far outpacing the roughly 9% gain for the S&P 500. Universal Display -- a company specializing in organic light-emitting diode (OLED) technology -- reported Q3 results on Nov. 2, showing declines on both the top and bottom lines. In the conference call to discuss Q3 results, Universal Display's management said, "We continue to believe that we are on track to introduce our all-phosphorescent RGB stack into the commercial market in 2024."