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 $2.14 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 $2.43 million.
The Benchmark Company upgraded its Qorvo Inc [QRVO] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late April has reiterated a ‘”a Hold”‘ rating for it. Piper Sandler also remained covering QRVO and has increased its forecast on January 27, 2025 with a “an Overweight” recommendation from previously “Neutral” rating. Morgan Stanley revised its rating on January 21, 2025. It rated QRVO as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of QRVO
On Monday, Qorvo Inc [NASDAQ:QRVO] saw its stock fall -0.25% to $70.72. Over the last five days, the stock has gained 10.85%. Qorvo Inc shares have risen nearly 1.13% since the year began. Nevertheless, the stocks have fallen -36.80% over the past one year. While a 52-week high of $130.99 was reached on 01/24/25, a 52-week low of $49.46 was recorded on 04/08/25. SMA at 50 days reached $67.45, while 200 days put it at $84.53.
Levels Of Support And Resistance For QRVO Stock
The 24-hour chart illustrates a support level at 69.65, which if violated will result in even more drops to 68.59. On the upside, there is a resistance level at 71.64. A further resistance level may holdings at 72.57. The Relative Strength Index (RSI) on the 14-day chart is 59.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.17, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.82%. Stochastics %K at 89.16% indicates the stock is a selling.
The most recent change occurred on November 12, 2024 when Loop Capital began covering the stock and recommended ‘”a Hold”‘ rating along with a $73 price target.
