Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Skyworks Solutions, Inc. shares valued at $950,462 were sold by BORI CARLOS S on Sep 13 ’24. At $101.97 per share, BORI CARLOS S sold 9,321 shares. The insider’s holdings dropped to 37,203 shares worth approximately $3.6 million following the completion of this transaction.
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Also, CARLOS S BORI purchased 9,321 shares, netting a total of over 950,444 in proceeds.
Before that, Kasnavi Reza had sold 1,843 shares from its account. In a trade valued at $198,067, the SVP, Tech. & Manufacturing traded Skyworks Solutions, Inc. shares for $107.47 each. Upon closing the transaction, the insider’s holdings decreased to 1,843 shares, worth approximately $1.69 million.
As published in a research note from TD Cowen on July 31, 2024, Skyworks Solutions, Inc. [SWKS] has been retained to a Hold and the price target has been revised to $110. Analysts at Craig Hallum resumed the stock at ‘”a Buy”‘ outlook in a report released in late July. As of June 20, 2024, B. Riley Securities has increased its “Neutral” rating to a “Buy” for SWKS. Earlier on May 09, 2024, Wolfe Research downgraded its rating. Their new recommendation was “a Peer perform” for SWKS stock which previously was a “an Outperform”.
Analyzing SWKS Stock Performance
During the last five days, there has been a drop of approximately -3.34%. Over the course of the year, Skyworks Solutions, Inc. shares have dropped approximately -13.96%. Shares of the company reached a 52-week high of $120.86 on 07/16/24 and a 52-week low of $89.09 on 05/02/24. A 50-day SMA is recorded $103.47, while a 200-day SMA reached $103.48. Nevertheless, trading volume fell to 1.91 million shares from 1.81 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 95.70, which, if violated, would cause prices to drop to 94.66. In the upper region, resistance lies at 97.68. The next price resistance is at 98.63. RSI (Relative Strength Index) is 42.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.26, which suggests the price will decrease in the coming days. Percent R is at 66.07%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
