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Silicon Motion Technology Corp. (NASDAQ: SIMO) is a Leading Gainer in Wednesday Morning Trading

By: Investor Brand Network
July 26, 2023 at 13:24 PM EDT

Silicon Motion Technology Corporation (NASDAQ: SIMO) is one of today’s top gainers. The company’s shares are currently up 78.24% on the day to $93.04.

Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices. It offers SSDs used in PCs and other devices, as well as eMMC and UFS mobile embedded storage used in smartphones and IOT devices. The company also provides enterprise-grade SSDs used in data centers; and small form-factor specialized SSDs used in industrial, commercial, and automotive applications.

So far today, approximately 12.64M shares of Silicon Motion Technology Corporation have been exchanged, as compared to an average 30-day volume of 732.41k shares.

Silicon Motion Technology Corporation share prices have moved between a 52-week high of $94.32 and a 52-week low of $51.44. The stock has moved -5.65% over the past week.

To learn more about Silicon Motion Technology Corporation, visit the company’s website at https://www.siliconmotion.com.

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