The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Skyworks Solutions, Inc. shares valued at $350,790 were sold by Durham Karilee A on Dec 14 ’23. At $110.00 per share, Durham Karilee A sold 3,189 shares. The insider’s holdings dropped to 17,323 shares worth approximately $1.81 million following the completion of this transaction.
Also, Kasnavi Reza sold 5,289 shares, netting a total of over 497,378 in proceeds. Following the sale of shares at $94.04 each, the insider now holds 19,078 shares.
Before that, TERRY ROBERT JOHN had sold 4,457 shares from its account. In a trade valued at $408,497, the SVP, Gen. Counsel & Secretary traded Skyworks Solutions, Inc. shares for $91.65 each. Upon closing the transaction, the insider’s holdings decreased to 4,457 shares, worth approximately $1.47 million.
As published in a research note from KeyBanc Capital Markets on April 08, 2024, Skyworks Solutions, Inc. [SWKS] has been rated down from an Overweight to a Sector weight. Analysts at TD Cowen resumed the stock at ‘”an Outperform”‘ outlook in a report released in late January. As of January 04, 2024, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for SWKS. Earlier on November 03, 2023, Summit Insights downgraded its rating. Their new recommendation was “a Hold” for SWKS stock which previously was a “a Buy”.
Analyzing SWKS Stock Performance
During the last five days, there has been a drop of approximately -0.39%. Over the course of the year, Skyworks Solutions, Inc. shares have dropped approximately -7.20%. Shares of the company reached a 52-week high of $111.04 on 01/02/24 and a 52-week low of $98.75 on 01/17/24. A 50-day SMA is recorded $104.86, while a 200-day SMA reached $103.24. Nevertheless, trading volume fell to 1.84 million shares from 1.42 million shares the previous day.
Support And Resistance Levels for Skyworks Solutions, Inc. (SWKS)
According to the 24-hour chart, there is a support level at 102.61, which, if violated, would cause prices to drop to 100.88. In the upper region, resistance lies at 105.48. The next price resistance is at 106.63. RSI (Relative Strength Index) is 47.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.03, which suggests the price will decrease in the coming days. Percent R is at 69.24%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Skyworks Solutions, Inc. subject to short interest?
Stocks of Skyworks Solutions, Inc. saw a sharp rise in short interest on Mar 28, 2024 jumping by 1.85 million shares to 6.45 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 4.6 million shares. A jump of 28.68% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.16 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.16.
