Qorvo Inc’s recent filing unveils 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 $2.34 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 $2.65 million.
Piper Sandler upgraded its Qorvo Inc [QRVO] rating to an Overweight from a a Neutral in a research note published on January 27, 2025; the price target was increased to $110 from $85. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in late January from “an Equal-weight” to “an Overweight”. Loop Capital began covering QRVO with “Hold” recommendation on November 12, 2024. TD Cowen maintained its rating on October 30, 2024. It rated QRVO as “a Hold”.
Price Performance Review of QRVO
On Monday, Qorvo Inc [NASDAQ:QRVO] saw its stock jump 0.30% to $77.26. Over the last five days, the stock has lost -5.39%. Qorvo Inc shares have risen nearly 10.48% since the year began. Nevertheless, the stocks have fallen -30.30% over the past one year. While a 52-week high of $130.99 was reached on 01/24/25, a 52-week low of $64.54 was recorded on 01/02/25. SMA at 50 days reached $74.85, while 200 days put it at $95.92.
Levels Of Support And Resistance For QRVO Stock
The 24-hour chart illustrates a support level at 76.35, which if violated will result in even more drops to 75.43. On the upside, there is a resistance level at 77.94. A further resistance level may holdings at 78.61. The Relative Strength Index (RSI) on the 14-day chart is 44.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.45%. Stochastics %K at 9.29% indicates the stock is a buying.
How much short interest is there in Qorvo Inc?
A steep rise in short interest was recorded in Qorvo Inc stocks on 2025-01-15, growing by 3.21 million shares to a total of 7.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 3.96 million shares. There was a rise of 44.79%, which implies that there is a positive sentiment for the stock.
