Why Is SK Hynix Stock Surging on Tuesday?
SK Hynix (NASDAQ: SKHY) stock is trading higher Tuesday after Cantor Fitzgerald, Rosenblatt and Needham initiated bullish analyst coverage.
Three investment teams started saying nice things about SK Hynix, a computer memory company, which made people want to buy its stock. When smart investors publicly like a company, it can be a sign they think good things might happen, so it's worth paying attention to what they say.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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