Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Skyworks Solutions, Inc shares valued at $993,616 were sold by BORI CARLOS S on Oct 14 ’24. At $97.63 per share, BORI CARLOS S sold 10,177 shares. The insider’s holdings dropped to 27,026 shares worth approximately $2.37 million following the completion of this transaction.
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Also, CARLOS S BORI purchased 10,177 shares, netting a total of over 993,606 in proceeds.
Before that, BORI CARLOS S had sold 9,321 shares from its account. In a trade valued at $950,462, the SVP, Sales & Marketing traded Skyworks Solutions, Inc shares for $101.97 each. Upon closing the transaction, the insider’s holdings decreased to 9,321 shares, worth approximately $3.26 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 -7.89%. Over the course of the year, Skyworks Solutions, Inc shares have dropped approximately -22.10%. Shares of the company reached a 52-week high of $120.86 on 07/16/24 and a 52-week low of $86.65 on 10/31/24. A 50-day SMA is recorded $99.06, while a 200-day SMA reached $102.31. Nevertheless, trading volume fell to 3.97 million shares from 4.13 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 86.22, which, if violated, would cause prices to drop to 84.87. In the upper region, resistance lies at 89.36. The next price resistance is at 91.15. RSI (Relative Strength Index) is 29.77 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.99, which suggests the price will decrease in the coming days. Percent R is at 93.74%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
