Cirrus Logic, Inc’s recent filing unveils that its EVP, General Counsel THOMAS SCOTT unloaded Company’s shares for reported $0.31 million on Mar 03 ’25. In the deal valued at $103.76 per share,3,000 shares were sold. As a result of this transaction, THOMAS SCOTT now holds 26,307 shares worth roughly $2.18 million.
Then, GREGORY S THOMAS bought 3,000 shares, generating $311,302 in total proceeds.
Before that, Baumgartner Jeffrey W sold 2,051 shares. Cirrus Logic, Inc shares valued at $205,100 were divested by the EVP, R&D at a price of $100.00 per share. As a result of the transaction, Baumgartner Jeffrey W now holds 8,330 shares, worth roughly $0.69 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 -0.36% to $82.93. Over the last five days, the stock has lost -16.78%. Cirrus Logic, Inc shares have fallen nearly -16.72% since the year began. Nevertheless, the stocks have fallen -8.31% over the past one year. While a 52-week high of $147.46 was reached on 02/19/25, a 52-week low of $81.30 was recorded on 04/07/25. SMA at 50 days reached $102.27, while 200 days put it at $115.12.
Levels Of Support And Resistance For CRUS Stock
The 24-hour chart illustrates a support level at 78.15, which if violated will result in even more drops to 73.36. On the upside, there is a resistance level at 88.07. A further resistance level may holdings at 93.20. The Relative Strength Index (RSI) on the 14-day chart is 22.54, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.04%. Stochastics %K at 8.13% indicates the stock is a buying.
How much short interest is there in Cirrus Logic, Inc?
A steep rise in short interest was recorded in Cirrus Logic, Inc stocks on 2025-03-14, dropping by 65860.0 shares to a total of 1.66 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 1.73 million shares. There was a decline of -3.96%, which implies that there is a negative 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.
