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 $1,002,780 were purchased by GRIFFIN LIAM on May 02 ’24. At $90.00 per share, GRIFFIN LIAM acquired 11,142 shares. The insider’s holdings grew to 104,153 shares worth approximately $9.5 million following the completion of this transaction.
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Also, Durham Karilee A sold 3,189 shares, netting a total of over 350,790 in proceeds. Following the sale of shares at $110.00 each, the insider now holds 17,323 shares.
Before that, Kasnavi Reza had sold 5,289 shares from its account. In a trade valued at $497,378, the SVP, Tech. & Manufacturing traded Skyworks Solutions, Inc. shares for $94.04 each. Upon closing the transaction, the insider’s holdings decreased to 5,289 shares, worth approximately $1.74 million.
As published in a research note from Wolfe Research on May 09, 2024, Skyworks Solutions, Inc. [SWKS] has been rated down from an Outperform to a Peer perform. Analysts at The Benchmark Company downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early May. As of May 01, 2024, TD Cowen has decreased its “Buy” rating to a “Hold” for SWKS. Earlier on May 01, 2024, Susquehanna downgraded its rating. Their new recommendation was “a Neutral” for SWKS stock which previously was a “a Positive”.
Analyzing SWKS Stock Performance
During the last five days, there has been a drop of approximately -3.06%. Over the course of the year, Skyworks Solutions, Inc. shares have dropped approximately -18.87%. Shares of the company reached a 52-week high of $111.04 on 01/02/24 and a 52-week low of $89.09 on 05/02/24. A 50-day SMA is recorded $99.93, while a 200-day SMA reached $100.96. Nevertheless, trading volume fell to 2.29 million shares from 2.31 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 89.84, which, if violated, would cause prices to drop to 88.48. In the upper region, resistance lies at 93.34. The next price resistance is at 95.48. RSI (Relative Strength Index) is 38.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.75, which suggests the price will decrease in the coming days. Percent R is at 88.24%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
