Home / Market Movers / Intermolecular Inc. (IMI) Leads Tech Stocks with 4.04% at Midday on September 22

Intermolecular Inc. (IMI) Leads Tech Stocks with 4.04% at Midday on September 22

Intermolecular Inc. (IMI) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the technology sector during morning trading on September 22. At the lunch break, shares of IMI have risen 4.04% to $1.03 after closing the day prior at $0.99. In the first two and a half hours of trading, the stock has gone as high as $1.07 and as low as $0.99. Today’s rise has come with about 12,415 shares changing hands, compared to an average 30-day volume of 78,017 for Intermolecular Inc.. The price is currently below the 30-day volume weighted average price of $1.0 for IMI.

The share appreciation gives the company a market capitalization of $49.03 million based upon 49.52 million shares outstanding. It also means that IMI has a price-to-book ratio of 0.92:1.

In the past 52 weeks, shares of IMI have traded as low as $0.9 and as high as $2.92. Technical traders will take note that at $1.03, shares of IMI are trading below their 200-day MA at $1.89 and below their 50-day MA at $1.23. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is IMI?

Intermolecular Inc is engaged in research and development and time-to-market for the semiconductor and clean-energy industries. It targets the semiconductor and emerging clean-energy markets, including DRAM, flash memory, complex logic and flat glass. The company’s 175 employees are led by CEO Christian Kramer from the corporate headquarters at 3011 North First Street in San Jose, CA.


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