Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Skyworks Solutions, Inc shares valued at $926,090 were sold by TERRY ROBERT JOHN on Nov 11 ’24. At $88.01 per share, TERRY ROBERT JOHN sold 10,522 shares. The insider’s holdings dropped to 15,960 shares worth approximately $1.38 million following the completion of this transaction.
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Also, TERRY ROBERT JOHN sold 1,915 shares, netting a total of over 166,260 in proceeds. Following the sale of shares at $86.82 each, the insider now holds 14,045 shares.
Before that, Kasnavi Reza had sold 3,059 shares from its account. In a trade valued at $269,080, the SVP, Tech. & Manufacturing traded Skyworks Solutions, Inc shares for $87.96 each. Upon closing the transaction, the insider’s holdings decreased to 3,059 shares, worth approximately $1.71 million.
As published in a research note from B. Riley Securities on November 14, 2024, Skyworks Solutions, Inc [SWKS] has been retained to a Buy and the price target has been revised to $110. Analysts at Loop Capital started covering the stock with ‘”a Hold”‘ outlook in a report released in mid November. As of October 10, 2024, Barclays has decreased its “an Equal weight” rating to a “an Underweight” for SWKS. Earlier on July 31, 2024, TD Cowen resumed its rating. Their recommendation was “a Hold” for SWKS stock.
Analyzing SWKS Stock Performance
During the last five days, there has been a drop of approximately -0.44%. Over the course of the year, Skyworks Solutions, Inc shares have dropped approximately -23.13%. Shares of the company reached a 52-week high of $120.86 on 07/16/24 and a 52-week low of $82.13 on 11/13/24. A 50-day SMA is recorded $91.83, while a 200-day SMA reached $100.14. Nevertheless, trading volume fell to 2.36 million shares from 2.37 million shares the previous day.
Support And Resistance Levels for Skyworks Solutions, Inc (SWKS)
According to the 24-hour chart, there is a support level at 85.54, which, if violated, would cause prices to drop to 84.67. In the upper region, resistance lies at 87.90. The next price resistance is at 89.39. RSI (Relative Strength Index) is 43.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.27, which suggests the price will increase in the coming days. Percent R is at 41.58%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
