Qorvo Inc’s filing revealed that 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 $1.55 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.
TD Cowen reiterated its Qorvo Inc [QRVO] rating to a Hold in a research note published on October 30, 2024; the price target was $85. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who decreased its forecast for the stock in late October from “a Buy” to “a Hold”. Raymond James also remained covering QRVO and has decreased its forecast on October 30, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. Exane BNP Paribas revised its rating on October 30, 2024. It rated QRVO as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of QRVO
On Friday, Qorvo Inc [NASDAQ:QRVO] saw its stock jump 0.84% to $71.86. Over the last five days, the stock has lost -27.42%. Qorvo Inc shares have fallen nearly -36.19% since the year began. Nevertheless, the stocks have fallen -18.17% over the past one year. While a 52-week high of $130.99 was reached on 07/16/24, a 52-week low of $70.39 was recorded on 10/31/24. SMA at 50 days reached $102.40, while 200 days put it at $108.60.
Levels Of Support And Resistance For QRVO Stock
The 24-hour chart illustrates a support level at 71.05, which if violated will result in even more drops to 70.23. On the upside, there is a resistance level at 72.88. A further resistance level may holdings at 73.89. The Relative Strength Index (RSI) on the 14-day chart is 15.89, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -23.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.01%. Stochastics %K at 3.72% 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.
