Qorvo Inc’s recently made public that its SVP, High Performance Analog Chesley Philip unloaded Company’s shares for reported $0.28 million on Dec 05 ’24. In the deal valued at $70.15 per share,4,045 shares were sold. As a result of this transaction, Chesley Philip now holds 30,261 shares worth roughly $2.65 million.
Then, Chesley Philip bought 4,045 shares, generating $283,757 in total proceeds.
Before that, Chesley Philip sold 1,565 shares. Qorvo Inc shares valued at $102,711 were divested by the SVP, High Performance Analog at a price of $65.63 per share. As a result of the transaction, Chesley Philip now holds 34,306 shares, worth roughly $3.0 million.
Morgan Stanley upgraded its Qorvo Inc [QRVO] rating to an Overweight from a an Equal-weight in a research note published on January 21, 2025; the price target was increased to $106 from $90. A number of analysts have revised their coverage, including Loop Capital’s analysts, who began to cover the stock in mid November with a ‘”a Hold”‘ rating. TD Cowen also remained covering QRVO and reiterated its “Hold” recommendation on October 30, 2024. The Benchmark Company revised its rating on October 30, 2024. It rated QRVO as “a Hold” which previously was an “a Buy”.
Price Performance Review of QRVO
On Tuesday, Qorvo Inc [NASDAQ:QRVO] saw its stock jump 4.00% to $87.58. Over the last five days, the stock has gained 21.79%. Qorvo Inc shares have risen nearly 25.24% since the year began. Nevertheless, the stocks have fallen -15.61% over the past one year. While a 52-week high of $130.99 was reached on 01/21/25, a 52-week low of $64.54 was recorded on 01/02/25. SMA at 50 days reached $70.49, while 200 days put it at $97.85.
Levels Of Support And Resistance For QRVO Stock
The 24-hour chart illustrates a support level at 85.70, which if violated will result in even more drops to 83.81. On the upside, there is a resistance level at 89.30. A further resistance level may holdings at 91.01. The Relative Strength Index (RSI) on the 14-day chart is 80.75, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.87, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.73%. Stochastics %K at 96.25% indicates the stock is a selling.
How much short interest is there in Qorvo Inc?
A steep rise in short interest was recorded in Qorvo Inc stocks on 2024-12-31, growing by 4.17 million shares to a total of 7.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 3.38 million shares. There was a rise of 55.24%, which implies that there is a positive sentiment for the stock.
