If you held Silicon Motion Technology (SIMO) stock this week, you’re surely in a good mood. In fact, you’re more than likely wishing you had even more shares before the company started its dramatic move higher.
Silicon Motion took a massive jump forward this week on the strength of its first-quarter earnings report. The stock jumped 45% on April 29, rising from $143.59 to $195. And it followed that with another 5% jump over the next two days as SIMO shares advanced to $226.
