In a filing, Cirrus Logic, Inc revealed 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 $3.86 million.
A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in early October from “an Overweight” to “an Equal weight”. The Benchmark Company also remained covering CRUS and has decreased its forecast on May 16, 2024 with a “Hold” recommendation from previously “Buy” rating. TD Cowen maintained its rating on May 08, 2024. It rated CRUS as “a Buy”.
Price Performance Review of CRUS
On Friday, Cirrus Logic, Inc [NASDAQ:CRUS] saw its stock fall -0.82% to $100.67. Over the last five days, the stock has lost -2.93%. Cirrus Logic, Inc shares have risen nearly 21.01% since the year began. Nevertheless, the stocks have risen 32.62% over the past one year. While a 52-week high of $147.46 was reached on 08/29/24, a 52-week low of $74.80 was recorded on 02/02/24. SMA at 50 days reached $118.87, while 200 days put it at $112.58.
Levels Of Support And Resistance For CRUS Stock
The 24-hour chart illustrates a support level at 99.53, which if violated will result in even more drops to 98.38. On the upside, there is a resistance level at 101.99. A further resistance level may holdings at 103.30. The Relative Strength Index (RSI) on the 14-day chart is 28.30, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.96%. Stochastics %K at 3.78% 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 2024-10-31, growing by 0.58 million shares to a total of 2.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.63 million shares. There was a rise of 26.42%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 07, 2024 when TD Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $100.
