Cirrus Logic, Inc.’s recent filing unveils that its SVP, Global Operations Dougherty Justin E unloaded Company’s shares for reported $0.43 million on May 13 ’24. In the deal valued at $107.85 per share,4,000 shares were sold. As a result of this transaction, Dougherty Justin E now holds 5,838 shares worth roughly $0.66 million.
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Then, Dougherty Justin E sold 3,280 shares, generating $299,792 in total proceeds. Upon selling the shares at $91.40, the SVP, Global Operations now owns 6,000 shares.
Before that, THOMAS SCOTT sold 5,043 shares. Cirrus Logic, Inc. shares valued at $455,736 were divested by the Sr VP, General Counsel at a price of $90.37 per share. As a result of the transaction, THOMAS SCOTT now holds 20,554 shares, worth roughly $2.34 million.
The Benchmark Company downgraded its Cirrus Logic, Inc. [CRUS] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early May has reiterated a ‘”a Buy”‘ rating for it. TD Cowen also remained covering CRUS and reiterated its “an Outperform” recommendation on February 07, 2024. Loop Capital revised its rating on November 01, 2023. It rated CRUS as “a Buy” which previously was an “a Hold”.
Price Performance Review of CRUS
On Tuesday, Cirrus Logic, Inc. [NASDAQ:CRUS] saw its stock jump 0.65% to $113.72. Over the last five days, the stock has gained 2.76%. Cirrus Logic, Inc. shares have risen nearly 36.70% since the year began. Nevertheless, the stocks have risen 45.59% over the past one year. While a 52-week high of $113.83 was reached on 05/21/24, a 52-week low of $65.02 was recorded on 02/02/24. SMA at 50 days reached $93.07, while 200 days put it at $82.33. A total of 0.41 million shares were traded, compared to the trading of 0.43 million shares in the previous session.
Levels Of Support And Resistance For CRUS Stock
The 24-hour chart illustrates a support level at 111.47, which if violated will result in even more drops to 109.23. On the upside, there is a resistance level at 115.08. A further resistance level may holdings at 116.45. The Relative Strength Index (RSI) on the 14-day chart is 76.54, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.85, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.62%. Stochastics %K at 95.45% indicates the stock is a selling.
