Opera Limited (OPRA) shares are on the rise amidst speculation of potential involvement in Apple Inc.’s WWDC event. Traders are buzzing with unconfirmed rumors, causing heavy trading volume in Opera stock.
Apple’s WWDC event in California is set to unveil new software and features, including iOS 18, iPadOS 18, macOS 15, tvOS 18, watchOS 11, and visionOS 2. The market is abuzz with the possibility of Opera’s participation at the event, driving the surge in Opera shares.
Opera, a software company with a vast user base of Opera web browser users, was established in 1995 and is headquartered in Oslo, Norway. The stock is currently trading above its 50-day moving average, and approximately 10.68% of available Opera shares are being sold short.
Over the past year, Opera shares have seen a decrease of 12.03%. Investors evaluating whether to hold or sell the stock should consider factors like time horizon, unrealized gains, and total return. With a rise of 18.57% in the past month, investors who bought shares in May would see a capital gain.
Opera shares have an all-time high of $27.83, indicating a potential upside of 67.65% from current levels. Market dynamics play a crucial role in decision-making, with the Relative Strength Index currently at 37.4, suggesting neutral conditions for Opera stock.
At the time of publication, Opera shares are up 24.7% at $17.16. The speculation surrounding Opera’s involvement in Apple’s event continues to fuel investor interest in the stock.
