Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Qorvo Inc shares valued at $283,757 were sold by Chesley Philip on Dec 05 ’24. At $70.15 per share, Chesley Philip sold 4,045 shares. The insider’s holdings dropped to 30,261 shares worth approximately $2.34 million following the completion of this transaction.
Also, Chesley Philip purchased 4,045 shares, netting a total of over 283,757 in proceeds.
Before that, Chesley Philip had sold 1,565 shares from its account. In a trade valued at $102,711, the SVP, High Performance Analog traded Qorvo Inc shares for $65.63 each. Upon closing the transaction, the insider’s holdings decreased to 1,565 shares, worth approximately $2.66 million.
As published in a research note from Piper Sandler on January 27, 2025, Qorvo Inc [QRVO] has been rated up from a Neutral to an Overweight and the price target has been revised to $110 from $85. Analysts at Morgan Stanley upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in late January. As of November 12, 2024, Loop Capital has initiated its “Hold” rating for QRVO. Earlier on October 30, 2024, TD Cowen resumed its rating. Their recommendation was “a Hold” for QRVO stock.
Analyzing QRVO Stock Performance
During the last five days, there has been a drop of approximately -1.77%. Over the course of the year, Qorvo Inc shares have jumped approximately 10.81%. Shares of the company reached a 52-week high of $91.33 on 01/24/25 and a 52-week low of $69.20 on 01/02/25. A 50-day SMA is recorded $75.37, while a 200-day SMA reached $95.36. Nevertheless, trading volume fell to 1.47 million shares from 1.43 million shares the previous day.
Support And Resistance Levels for Qorvo Inc (QRVO)
According to the 24-hour chart, there is a support level at 76.46, which, if violated, would cause prices to drop to 75.42. In the upper region, resistance lies at 78.33. The next price resistance is at 79.17. RSI (Relative Strength Index) is 45.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.13, which suggests the price will decrease in the coming days. Percent R is at 85.91%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
