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 $311,280 were sold by THOMAS SCOTT on Mar 03 ’25. At $103.76 per share, THOMAS SCOTT sold 3,000 shares. The insider’s holdings dropped to 26,307 shares worth approximately $2.59 million following the completion of this transaction.
Also, GREGORY S THOMAS purchased 3,000 shares, netting a total of over 311,302 in proceeds.
Before that, Baumgartner Jeffrey W had sold 2,051 shares from its account. In a trade valued at $205,100, the EVP, R&D traded Cirrus Logic, Inc shares for $100.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,051 shares, worth approximately $0.82 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 drop of approximately -4.48%. Over the course of the year, Cirrus Logic, Inc shares have dropped approximately -1.25%. Shares of the company reached a 52-week high of $113.14 on 02/19/25 and a 52-week low of $95.25 on 02/03/25. A 50-day SMA is recorded $103.39, while a 200-day SMA reached $116.89.
Support And Resistance Levels for Cirrus Logic, Inc (CRUS)
According to the 24-hour chart, there is a support level at 97.19, which, if violated, would cause prices to drop to 96.05. In the upper region, resistance lies at 99.91. The next price resistance is at 101.49. RSI (Relative Strength Index) is 41.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.76, which suggests the price will decrease in the coming days. Percent R is at 94.77%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
