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Rovi Crosses $18 And Retreats

Courtesy of Benzinga.

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Rovi Corporation (NASDAQ: ROVI) shares are trading higher by $1.90 at $17.76 in Monday’s session. The renewal of a patent agreement with Sony has the aided the issue in the green for the fifth day in a row.

Its high opening print of $16.20 has turned out to be the low for the session. The ensuing rally has taken the issue to $18.12 and it attempting to remain in the $18 handle.

This marks the first time over $18 for the issue since June 26, when it peaked at that exact number but ended the session at $17.52. From that day it continued lower until it finally bottomed on October 29 at $8.01.

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