Skyworks Solutions, Inc.’s filing revealed that its SVP, Sales & Marketing BORI CARLOS S unloaded Company’s shares for reported $0.95 million on Sep 13 ’24. In the deal valued at $101.97 per share,9,321 shares were sold. As a result of this transaction, BORI CARLOS S now holds 37,203 shares worth roughly $-3.69 million.
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Then, CARLOS S BORI bought 9,321 shares, generating $950,444 in total proceeds.
Before that, Kasnavi Reza sold 1,843 shares. Skyworks Solutions, Inc. shares valued at $198,067 were divested by the SVP, Tech. & Manufacturing at a price of $107.47 per share. As a result of the transaction, Kasnavi Reza now holds 17,455 shares, worth roughly $1.73 million.
Barclays downgraded its Skyworks Solutions, Inc. [SWKS] rating to an Underweight from a an Equal weight in a research note published on October 10, 2024; the price target was decreased to $87 from $115. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late July has reiterated a ‘”a Hold”‘ rating for it. Craig Hallum also remained covering SWKS and reiterated its “Buy” recommendation on July 31, 2024. B. Riley Securities revised its rating on June 20, 2024. It rated SWKS as “a Buy” which previously was an “a Neutral”.
Price Performance Review of SWKS
On Monday, Skyworks Solutions, Inc. [NASDAQ:SWKS] saw its stock jump 1.90% to $99.15. Over the last five days, the stock has gained 3.88%. Skyworks Solutions, Inc. shares have fallen nearly -11.80% since the year began. Nevertheless, the stocks have risen 2.27% over the past one year. While a 52-week high of $120.86 was reached on 07/16/24, a 52-week low of $85.06 was recorded on 05/02/24. SMA at 50 days reached $101.25, while 200 days put it at $102.95.
Levels Of Support And Resistance For SWKS Stock
The 24-hour chart illustrates a support level at 97.53, which if violated will result in even more drops to 95.92. On the upside, there is a resistance level at 100.06. A further resistance level may holdings at 100.98. The Relative Strength Index (RSI) on the 14-day chart is 50.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.73%. Stochastics %K at 58.74% indicates the stock is a holding.
How much short interest is there in Skyworks Solutions, Inc.?
A steep rise in short interest was recorded in Skyworks Solutions, Inc. stocks on 2024-09-30, dropping by -0.24 million shares to a total of 6.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 6.49 million shares. There was a decline of -3.92%, which implies that there is a negative sentiment for the stock.
