In a filing, Qorvo Inc revealed its SVP, High Performance Analog Chesley Philip unloaded Company’s shares for reported $0.1 million on Nov 15 ’24. In the deal valued at $65.63 per share,1,565 shares were sold. As a result of this transaction, Chesley Philip now holds 34,306 shares worth roughly $2.38 million.
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Then, Chesley Philip bought 1,565 shares, generating $102,711 in total proceeds.
Before that, Harrison Gina sold 689 shares. Qorvo Inc shares valued at $74,185 were divested by the VP and Corporate Controller at a price of $107.67 per share. As a result of the transaction, Harrison Gina now holds 21,601 shares, worth roughly $1.5 million.
Loop Capital initiated its Qorvo Inc [QRVO] rating to a Hold in a research note published on November 12, 2024; the price target was $73. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late October has reiterated a ‘”a Hold”‘ rating for it. The Benchmark Company also remained covering QRVO and has decreased its forecast on October 30, 2024 with a “Hold” recommendation from previously “Buy” rating. Raymond James revised its rating on October 30, 2024. It rated QRVO as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of QRVO
On Friday, Qorvo Inc [NASDAQ:QRVO] saw its stock jump 2.03% to $69.25. Over the last five days, the stock has gained 5.55%. Qorvo Inc shares have fallen nearly -38.50% since the year began. Nevertheless, the stocks have fallen -25.82% over the past one year. While a 52-week high of $130.99 was reached on 07/16/24, a 52-week low of $64.98 was recorded on 11/20/24. SMA at 50 days reached $90.08, while 200 days put it at $105.80.
Levels Of Support And Resistance For QRVO Stock
The 24-hour chart illustrates a support level at 68.31, which if violated will result in even more drops to 67.36. On the upside, there is a resistance level at 69.83. A further resistance level may holdings at 70.40. The Relative Strength Index (RSI) on the 14-day chart is 30.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.53%. Stochastics %K at 29.66% indicates the stock is a holding.
How much short interest is there in Qorvo Inc?
A steep rise in short interest was recorded in Qorvo Inc stocks on 2024-10-31, growing by 0.67 million shares to a total of 2.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.26 million shares. There was a rise of 22.86%, which implies that there is a positive sentiment for the stock.
