Himax Technologies, Inc. (ADR) (NASDAQ: HIMX)
Himax Technologies is having an incredibly strong start to the trading session today. Shortly after the opening bell rang, the stock started running toward the top. Today, we’ll talk about what we’re seeing from the stock, why, and what we’ll be watching for with regard to HIMX ahead.
What We’re Seeing From HIMX
As mentioned above, Himax Technologies is off to an incredible start to the trading session today, running further into the green with every tick. At the moment, it looks like the stock is likely to continue the trend. Currently (10:09), HIMX is trading at $7.82 per share after a gain of $0.37 per share (4.90%) thus far today.
Why Is The Stock Climbing?
As usual, as soon as we saw the gains on HIMX, the CNA Finance team started to do some work to see what was causing the movement. While we haven’t seen any solid fundamental news surrounding the stock, we are seeing one story and quite a bit of social chatter.
The gains seem to be happening as the result of something we’re seeing from Apple. Essentially, Apple is considering wearable expansion and will possibly move forward with digital glasses. Of course, this would be great for Himax Technologies, as it is a key supplier and holds various patents in the digital glasses arena.
What We’ll Be Watching For Ahead
Moving forward, we’ll be keeping a close eye on Apple’s possible expansion into digital glasses. If this does happen, it will likely lead to great opportunities for HIMX investors and traders alike. After all, with HIMX as a key supplier in the digital glasses arena to work with, this could send the stock through the roof. So, we’ll keep a close eye and update you with any new news!
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