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December 24th, 2010
Shares of NVE Corp (NASDAQ: NVEC) hit a new 52-week high on Thursday. The stock traded as high as $58.34 during mid-day trading and last traded at $58.09. The stock previously closed at $57.30.
NVE Corporation (NVE) develops and sells devices that use spintronics, a nanotechnology. The Company manufactures spintronic products, including sensors and couplers that are used to acquire and transmit data. NVE has also licensed its spintronic magnetoresistive random access memory technology (MRAM). In the Company's products, the spintronic elements are connected to integrated circuitry. The Company's designs are based on either giant magnetoresistance (GMR) or tunneling magnetoresistance.
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