The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Cirrus Logic, Inc shares valued at $205,100 were sold by Baumgartner Jeffrey W on Feb 03 ’25. At $100.00 per share, Baumgartner Jeffrey W sold 2,051 shares. The insider’s holdings dropped to 8,330 shares worth approximately $0.87 million following the completion of this transaction.
Also, JEFFREY W BAUMGARTNER purchased 2,051 shares, netting a total of over 205,100 in proceeds.
Before that, Baumgartner Jeffrey W had sold 5,542 shares from its account. In a trade valued at $560,019, the VP, R&D traded Cirrus Logic, Inc shares for $101.05 each. Upon closing the transaction, the insider’s holdings decreased to 5,542 shares, worth approximately $1.08 million.
As published in a research note from The Benchmark Company on February 05, 2025, Cirrus Logic, Inc [CRUS] has been rated up from a Hold to a Buy. As of October 10, 2024, Barclays has decreased its “an Overweight” rating to a “an Equal weight” for CRUS. Earlier on May 16, 2024, The Benchmark Company downgraded its rating. Their new recommendation was “a Hold” for CRUS stock which previously was a “a Buy”.
Analyzing CRUS Stock Performance
During the last five days, there has been a surge of approximately 5.16%. Over the course of the year, Cirrus Logic, Inc shares have jumped approximately 4.85%. Shares of the company reached a 52-week high of $112.48 on 02/05/25 and a 52-week low of $95.25 on 02/03/25. A 50-day SMA is recorded $102.86, while a 200-day SMA reached $116.06. Nevertheless, trading volume fell to 1.48 million shares from 1.86 million shares the previous day.
Support And Resistance Levels for Cirrus Logic, Inc (CRUS)
According to the 24-hour chart, there is a support level at 101.18, which, if violated, would cause prices to drop to 97.94. In the upper region, resistance lies at 107.90. The next price resistance is at 111.38. RSI (Relative Strength Index) is 54.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.85, which suggests the price will increase in the coming days. Percent R is at 46.84%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
