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 $283,757 were purchased by Chesley Philip on Dec 05 ’24. At $70.15 per share, Chesley Philip acquired 4,045 shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Chesley Philip sold 1,565 shares, netting a total of over 102,711 in proceeds. Following the sale of shares at $65.63 each, the insider now holds 34,306 shares.
Before that, Chesley Philip had added 1,565 shares to its account. In a trade valued at $102,711, the Officer bought Qorvo Inc shares for $65.63 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 surge of approximately 0.42%. Over the course of the year, Qorvo Inc shares have dropped approximately -39.00%. Shares of the company reached a 52-week high of $130.99 on 07/16/24 and a 52-week low of $64.98 on 11/20/24. A 50-day SMA is recorded $84.92, while a 200-day SMA reached $104.07. Nevertheless, trading volume fell to 1.36 million shares from 37243.0 shares the previous day.
Support And Resistance Levels for Qorvo Inc (QRVO)
According to the 24-hour chart, there is a support level at 67.90, which, if violated, would cause prices to drop to 67.12. In the upper region, resistance lies at 70.02. The next price resistance is at 71.36. RSI (Relative Strength Index) is 34.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.43, which suggests the price will increase in the coming days. Percent R is at 45.36%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
