Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Skyworks Solutions, Inc. shares valued at $2,295,837 were sold by SCHRIESHEIM ROBERT A on May 30 ’24. At $90.27 per share, SCHRIESHEIM ROBERT A sold 25,433 shares. The insider’s holdings dropped to 60,881 shares worth approximately $5.58 million following the completion of this transaction.
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Also, GRIFFIN LIAM purchased 11,142 shares, netting a total of over 1,002,780 in proceeds. Following the buying of shares at $90.00 each, the insider now holds 104,153 shares.
Before that, Durham Karilee A had sold 3,189 shares from its account. In a trade valued at $350,790, the SVP, Human Resources traded Skyworks Solutions, Inc. shares for $110.00 each. Upon closing the transaction, the insider’s holdings decreased to 3,189 shares, worth approximately $1.59 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 surge of approximately 1.15%. Over the course of the year, Skyworks Solutions, Inc. shares have dropped approximately -18.41%. 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 $97.55, while a 200-day SMA reached $100.29. Nevertheless, trading volume fell to 1.56 million shares from 2.12 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 90.88, which, if violated, would cause prices to drop to 90.04. In the upper region, resistance lies at 92.44. The next price resistance is at 93.16. RSI (Relative Strength Index) is 44.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.42, which suggests the price will decrease in the coming days. Percent R is at 58.44%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
