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 $3.59 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 $1.68 million.
As published in a research note from Barclays on October 10, 2024, Skyworks Solutions, Inc. [SWKS] has been rated down from an Equal weight to an Underweight and the price target has been revised to $87 from $115. Analysts at TD Cowen resumed the stock at ‘”a Hold”‘ outlook in a report released in late July. As of July 31, 2024, Craig Hallum has reiterated its “Buy” rating for SWKS. Earlier on June 20, 2024, B. Riley Securities upgraded its rating. Their new recommendation was “a Buy” for SWKS stock which previously was a “a Neutral”.
Analyzing SWKS Stock Performance
During the last five days, there has been a drop of approximately -0.30%. Over the course of the year, Skyworks Solutions, Inc. shares have dropped approximately -14.21%. 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 $101.57, while a 200-day SMA reached $103.11. Nevertheless, trading volume fell to 2.02 million shares from 1.67 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 94.32, which, if violated, would cause prices to drop to 92.19. In the upper region, resistance lies at 97.53. The next price resistance is at 98.61. RSI (Relative Strength Index) is 43.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.63, which suggests the price will decrease in the coming days. Percent R is at 57.33%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
