Shares of Taiwanese LED chips manufacturer SemiLEDS Corp. (LEDS) are trading 48 percent up on Thursday despite there being no company-specific news to influence the stock.
The company had in April reported second-quarter net loss of $255 thousand or $0.06 per share, compared to net loss of $697 thousand or $0.17 per share in the sequential quarter.
Revenues rose to $1.2 million from $719 thousand in the first quarter.
The stock is currently trading at $8.14, up $2.64 or 48 percent on the NYSE.
LEDS has traded between $1.93 and $9.38 in the last 52 weeks.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.