The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Cirrus Logic, Inc shares valued at $560,019 were sold by Baumgartner Jeffrey W on Nov 19 ’24. At $101.05 per share, Baumgartner Jeffrey W sold 5,542 shares. The insider’s holdings dropped to 10,381 shares worth approximately $1.04 million following the completion of this transaction.
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Also, JEFFREY W BAUMGARTNER purchased 5,542 shares, netting a total of over 560,068 in proceeds.
Before that, HANFORD DEIRDRE had added 15,515 shares to its account. In a trade valued at $2,125,555, the Director bought Cirrus Logic, Inc shares for $137.00 each.
Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early October. As of May 16, 2024, The Benchmark Company has decreased its “Buy” rating to a “Hold” for CRUS. Earlier on May 08, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for CRUS stock.
Analyzing CRUS Stock Performance
During the last five days, there has been a drop of approximately -0.17%. Over the course of the year, Cirrus Logic, Inc shares have jumped approximately 20.47%. Shares of the company reached a 52-week high of $147.46 on 08/29/24 and a 52-week low of $75.92 on 02/02/24. A 50-day SMA is recorded $116.86, while a 200-day SMA reached $112.92. Nevertheless, trading volume fell to 0.7 million shares from 0.55 million shares the previous day.
Support And Resistance Levels for Cirrus Logic, Inc (CRUS)
According to the 24-hour chart, there is a support level at 99.07, which, if violated, would cause prices to drop to 97.92. In the upper region, resistance lies at 100.85. The next price resistance is at 101.49. RSI (Relative Strength Index) is 28.35 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.87, which suggests the price will decrease in the coming days. Percent R is at 89.12%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
