InterDigital (IDCC) Is Up 8.89% in One Week: What You Should Know

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the strategy of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with InterDigital (IDCC) currently holding a Momentum Style Score of A [2] Group 2: InterDigital's Performance Metrics - InterDigital has a Zacks Rank of 2 (Buy), indicating strong potential for outperformance, especially for stocks rated 1 (Strong Buy) and 2 (Buy) with Style Scores of A or B [3] - Over the past week, IDCC shares increased by 8.89%, outperforming the Zacks Wireless Equipment industry, which rose by 3.5% [5] - In a longer timeframe, IDCC shares have increased by 12.16% monthly, while the industry performance was 18.73% [5] - Over the past quarter, IDCC shares rose by 3.23%, and over the last year, they gained 103.29%, contrasting with the S&P 500's movements of -7.56% and 9.65% respectively [6] Group 3: Trading Volume and Earnings Outlook - IDCC's average 20-day trading volume is 337,041 shares, which serves as a bullish indicator when combined with rising stock prices [7] - Recent earnings estimate revisions show positive trends, with one estimate moving higher for the full year, increasing the consensus estimate from $10.65 to $10.89 [9] - For the next fiscal year, two estimates have moved upwards with no downward revisions, indicating a favorable outlook [9] Group 4: Conclusion - Given the strong performance metrics and positive earnings outlook, IDCC is positioned as a 2 (Buy) stock with a Momentum Score of A, making it a compelling investment option [11]