Tower ( (TSEM) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Tower Semiconductor’s stock movement is driven by a mixed earnings report, showing increased revenue but a decline in net profit. Despite this, analysts maintain a Strong Buy consensus, with one analyst even raising the price target, reflecting optimism about the company’s future.
More about Tower
YTD Price Performance: 46.98%
Average Trading Volume: 1,188,591
Technical Sentiment Signal: Buy
Current Market Cap: $8.47B
For further insights into TSEM stock on TipRanks’ Stock Analysis page.
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