Cirrus Logic, Inc’s filing revealed that its EVP, R&D Baumgartner Jeffrey W unloaded Company’s shares for reported $0.21 million on Feb 03 ’25. In the deal valued at $100.00 per share,2,051 shares were sold. As a result of this transaction, Baumgartner Jeffrey W now holds 8,330 shares worth roughly $0.87 million.
Then, JEFFREY W BAUMGARTNER bought 2,051 shares, generating $205,100 in total proceeds.
Before that, Baumgartner Jeffrey W sold 5,542 shares. Cirrus Logic, Inc shares valued at $560,019 were divested by the VP, R&D at a price of $101.05 per share. As a result of the transaction, Baumgartner Jeffrey W now holds 10,381 shares, worth roughly $1.08 million.
The Benchmark Company upgraded its Cirrus Logic, Inc [CRUS] rating to a Buy from a a Hold in a research note published recently. Barclays also remained covering CRUS and has decreased its forecast on October 10, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. The Benchmark Company revised its rating on May 16, 2024. It rated CRUS as “a Hold” which previously was an “a Buy”.
Price Performance Review of CRUS
On Monday, Cirrus Logic, Inc [NASDAQ:CRUS] saw its stock fall -2.23% to $104.39. Over the last five days, the stock has gained 5.13%. Cirrus Logic, Inc shares have risen nearly 4.83% since the year began. Nevertheless, the stocks have risen 16.17% over the past one year. While a 52-week high of $147.46 was reached on 02/05/25, a 52-week low of $81.30 was recorded on 02/03/25. SMA at 50 days reached $102.81, while 200 days put it at $116.27.
Levels Of Support And Resistance For CRUS Stock
The 24-hour chart illustrates a support level at 102.22, which if violated will result in even more drops to 100.05. On the upside, there is a resistance level at 107.15. A further resistance level may holdings at 109.90. The Relative Strength Index (RSI) on the 14-day chart is 53.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.29, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 46.95%. Stochastics %K at 57.69% 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 2025-01-15, growing by 0.2 million shares to a total of 1.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 1.36 million shares. There was a rise of 12.9%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 08, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $115.
