Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Qorvo Inc shares valued at $74,185 were sold by Harrison Gina on Sep 06 ’24. At $107.67 per share, Harrison Gina sold 689 shares. The insider’s holdings dropped to 21,601 shares worth approximately $1.42 million following the completion of this transaction.
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Also, Harrison Gina purchased 689 shares, netting a total of over 74,185 in proceeds.
Before that, FEGO PAUL J had added 2,500 shares to its account. In a trade valued at $284,600, the Officer bought Qorvo Inc shares for $113.84 each.
As published in their initiating research note from Loop Capital on November 12, 2024, Qorvo Inc [QRVO] has been a Hold and the price target has been revised to $73. Analysts at TD Cowen resumed the stock at ‘”a Hold”‘ outlook in a report released in late October. As of October 30, 2024, The Benchmark Company has decreased its “Buy” rating to a “Hold” for QRVO. Earlier on October 30, 2024, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for QRVO stock which previously was a “an Outperform”.
Analyzing QRVO Stock Performance
During the last five days, there has been a drop of approximately -9.96%. Over the course of the year, Qorvo Inc shares have dropped approximately -41.75%. Shares of the company reached a 52-week high of $130.99 on 07/16/24 and a 52-week low of $65.35 on 11/13/24. A 50-day SMA is recorded $95.59, while a 200-day SMA reached $107.20. Nevertheless, trading volume fell to 1.97 million shares from 1.73 million shares the previous day.
Support And Resistance Levels for Qorvo Inc (QRVO)
According to the 24-hour chart, there is a support level at 64.96, which, if violated, would cause prices to drop to 64.32. In the upper region, resistance lies at 66.63. The next price resistance is at 67.66. RSI (Relative Strength Index) is 15.15 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -9.65, which suggests the price will decrease in the coming days. Percent R is at 99.30%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
