In a filing, Qorvo Inc revealed its SVP, Connectivity & Sensors CREVISTON STEVEN E unloaded Company’s shares for reported $0.34 million on Jun 17 ’24. In the deal valued at $112.36 per share,3,000 shares were sold. As a result of this transaction, CREVISTON STEVEN E now holds 83,591 shares worth roughly $9.85 million.
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Then, Harrison Gina sold 210 shares, generating $22,270 in total proceeds. Upon selling the shares at $106.05, the VP and Corporate Controller now owns 20,966 shares.
Before that, BRUGGEWORTH ROBERT A sold 15,279 shares. Qorvo Inc shares valued at $1,527,900 were divested by the President and CEO at a price of $100.00 per share. As a result of the transaction, BRUGGEWORTH ROBERT A now holds 190,161 shares, worth roughly $22.4 million.
Craig Hallum reiterated its Qorvo Inc [QRVO] rating to a Buy in a research note published on February 01, 2024; the price target was $125. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in early January from “an Overweight” to “a Neutral”. Morgan Stanley also remained covering QRVO and has increased its forecast on December 08, 2023 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Summit Insights revised its rating on November 02, 2023. It rated QRVO as “a Hold” which previously was an “a Buy”.
Price Performance Review of QRVO
On Monday, Qorvo Inc [NASDAQ:QRVO] saw its stock jump 1.53% to $117.81. Over the last five days, the stock has gained 3.77%. Qorvo Inc shares have risen nearly 4.62% since the year began. Nevertheless, the stocks have risen 16.25% over the past one year. While a 52-week high of $121.65 was reached on 03/04/24, a 52-week low of $80.62 was recorded on 05/02/24. SMA at 50 days reached $104.86, while 200 days put it at $103.86. A total of 1.04 million shares were traded, compared to the trading of 2.01 million shares in the previous session.
Levels Of Support And Resistance For QRVO Stock
The 24-hour chart illustrates a support level at 116.12, which if violated will result in even more drops to 114.42. On the upside, there is a resistance level at 118.78. A further resistance level may holdings at 119.74. The Relative Strength Index (RSI) on the 14-day chart is 69.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.35, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.36%. Stochastics%K at 91.63% indicates the stock is a selling.
