Cirrus Logic, Inc’s recent filing unveils that its Director HANFORD DEIRDRE acquired Company’s shares for reported $2.13 million on Aug 20 ’24. In the deal valued at $137.00 per share,15,515 shares were bought.
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Then, Brannan Andrew sold 4,000 shares, generating $559,760 in total proceeds. Upon selling the shares at $139.94, the VP, Worldwide Sales now owns 3,530 shares.
Before that, Alberty Carl Jackson sold 1,033 shares. Cirrus Logic, Inc shares valued at $145,674 were divested by the VP, MSP at a price of $141.02 per share. As a result of the transaction, Alberty Carl Jackson now holds 38,311 shares, worth roughly $4.23 million.
Barclays downgraded its Cirrus Logic, Inc [CRUS] rating to an Equal weight from a an Overweight in a research note published on October 10, 2024; the price target was decreased to $120 from $140. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who decreased its forecast for the stock in mid May from “a Buy” to “a Hold”. TD Cowen also remained covering CRUS and reiterated its “Buy” recommendation on May 08, 2024. TD Cowen maintained its rating on February 07, 2024. It rated CRUS as “an Outperform”.
Price Performance Review of CRUS
On Friday, Cirrus Logic, Inc [NASDAQ:CRUS] saw its stock jump 0.44% to $110.30. Over the last five days, the stock has lost -9.75%. Cirrus Logic, Inc shares have risen nearly 32.59% since the year began. Nevertheless, the stocks have risen 62.35% over the past one year. While a 52-week high of $147.46 was reached on 08/29/24, a 52-week low of $65.08 was recorded on 02/02/24. SMA at 50 days reached $126.29, while 200 days put it at $111.42.
Levels Of Support And Resistance For CRUS Stock
The 24-hour chart illustrates a support level at 109.15, which if violated will result in even more drops to 108.01. On the upside, there is a resistance level at 111.84. A further resistance level may holdings at 113.39. The Relative Strength Index (RSI) on the 14-day chart is 32.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.52%. Stochastics %K at 7.36% indicates the stock is a buying.
How much short interest is there in Cirrus Logic, Inc?
A steep rise in short interest was recorded in Cirrus Logic, Inc stocks on 2024-10-15, growing by 0.81 million shares to a total of 1.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.16 million shares. There was a rise of 41.14%, which implies that there is a positive sentiment for the stock.
