Cirrus Logic, Inc.’s recent filing unveils that its Officer Dougherty Justin E acquired Company’s shares for reported $1.33 million on Aug 09 ’24. In the deal valued at $130.00 per share,10,203 shares were bought.
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Then, Timothy Dehne bought 2,457 shares, generating $282,014 in total proceeds.
Before that, THOMAS SCOTT sold 11,706 shares. Cirrus Logic, Inc. shares valued at $1,413,148 were divested by the Sr VP, General Counsel at a price of $120.72 per share. As a result of the transaction, THOMAS SCOTT now holds 23,975 shares, worth roughly $3.19 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 Friday, Cirrus Logic, Inc. [NASDAQ:CRUS] saw its stock jump 0.97% to $132.85. Over the last five days, the stock has gained 15.79%. Cirrus Logic, Inc. shares have risen nearly 59.69% since the year began. Nevertheless, the stocks have risen 61.34% over the past one year. While a 52-week high of $142.83 was reached on 07/16/24, a 52-week low of $65.02 was recorded on 02/02/24. SMA at 50 days reached $126.91, while 200 days put it at $96.26. A total of 0.61 million shares were traded, compared to the trading of 0.73 million shares in the previous session.
Levels Of Support And Resistance For CRUS Stock
The 24-hour chart illustrates a support level at 130.66, which if violated will result in even more drops to 128.47. On the upside, there is a resistance level at 134.86. A further resistance level may holdings at 136.87. The Relative Strength Index (RSI) on the 14-day chart is 56.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.27, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.34%. Stochastics%K at 69.86% indicates the stock is a holding.
