Cirrus Logic, Inc’s filing revealed that its VP, R&D Baumgartner Jeffrey W unloaded Company’s shares for reported $0.56 million on Nov 19 ’24. In the deal valued at $101.05 per share,5,542 shares were sold. As a result of this transaction, Baumgartner Jeffrey W now holds 10,381 shares worth roughly $1.04 million.
Then, JEFFREY W BAUMGARTNER bought 5,542 shares, generating $560,068 in total proceeds.
Before that, HANFORD DEIRDRE bought 15,515 shares. Cirrus Logic, Inc shares valued at $2,125,555 were divested by the Director at a price of $137.00 per share.
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 Monday, Cirrus Logic, Inc [NASDAQ:CRUS] saw its stock fall -1.20% to $99.93. Over the last five days, the stock has lost -0.85%. Cirrus Logic, Inc shares have risen nearly 0.35% since the year began. Nevertheless, the stocks have risen 25.87% over the past one year. While a 52-week high of $147.46 was reached on 01/07/25, a 52-week low of $75.92 was recorded on 01/03/25. SMA at 50 days reached $103.95, while 200 days put it at $115.06.
Levels Of Support And Resistance For CRUS Stock
The 24-hour chart illustrates a support level at 98.83, which if violated will result in even more drops to 97.74. On the upside, there is a resistance level at 100.99. A further resistance level may holdings at 102.05. The Relative Strength Index (RSI) on the 14-day chart is 41.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.28%. Stochastics %K at 50.33% indicates the stock is a holding.
How much short interest is there in Cirrus Logic, Inc?
A steep rise in short interest was recorded in Cirrus Logic, Inc stocks on 2024-12-31, dropping by -0.55 million shares to a total of 1.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 1.95 million shares. There was a decline of -38.98%, which implies that there is a negative 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.
