In a filing, Qorvo Inc revealed its VP and Corporate Controller Harrison Gina unloaded Company’s shares for reported $74185.0 on Sep 06 ’24. In the deal valued at $107.67 per share,689 shares were sold. As a result of this transaction, Harrison Gina now holds 21,601 shares worth roughly $2.14 million.
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Then, Harrison Gina bought 689 shares, generating $74,185 in total proceeds.
Before that, FEGO PAUL J bought 2,500 shares. Qorvo Inc shares valued at $284,600 were divested by the Officer at a price of $113.84 per share.
Morgan Stanley downgraded its Qorvo Inc [QRVO] rating to an Equal-weight from a an Overweight in a research note published on October 11, 2024; the price target was decreased to $120 from $130. 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 QRVO and reiterated its “Buy” recommendation on July 31, 2024. Craig Hallum maintained its rating on February 01, 2024. It rated QRVO as “a Buy”.
Price Performance Review of QRVO
On Friday, Qorvo Inc [NASDAQ:QRVO] saw its stock fall -0.52% to $99.01. Over the last five days, the stock has lost -5.25%. Qorvo Inc shares have fallen nearly -12.08% since the year began. Nevertheless, the stocks have risen 14.86% over the past one year. While a 52-week high of $130.99 was reached on 07/16/24, a 52-week low of $80.62 was recorded on 05/02/24. SMA at 50 days reached $105.22, while 200 days put it at $109.07.
Levels Of Support And Resistance For QRVO Stock
The 24-hour chart illustrates a support level at 98.36, which if violated will result in even more drops to 97.71. On the upside, there is a resistance level at 100.18. A further resistance level may holdings at 101.35. The Relative Strength Index (RSI) on the 14-day chart is 38.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.69%. Stochastics %K at 12.88% indicates the stock is a buying.
How much short interest is there in Qorvo Inc?
A steep rise in short interest was recorded in Qorvo Inc stocks on 2024-10-15, growing by 0.62 million shares to a total of 3.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.4 million shares. There was a rise of 20.49%, which implies that there is a positive sentiment for the stock.
