Cirrus Logic, Inc’s recent filing unveils that its Director DAVERN ALEXANDER M unloaded Company’s shares for reported $0.11 million on May 21 ’25. In the deal valued at $105.62 per share,1,000 shares were sold. As a result of this transaction, DAVERN ALEXANDER M now holds 20,907 shares worth roughly $2.14 million.
Then, DAVERN ALEXANDER M bought 1,000 shares, generating $105,625 in total proceeds.
Before that, Dougherty Justin E sold 3,838 shares. Cirrus Logic, Inc shares valued at $384,243 were divested by the EVP, Global Operations at a price of $100.12 per share. As a result of the transaction, Dougherty Justin E now holds 6,334 shares, worth roughly $0.65 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 Tuesday, Cirrus Logic, Inc [NASDAQ:CRUS] saw its stock jump 2.30% to $102.19. Over the last five days, the stock has lost -3.09%. Cirrus Logic, Inc shares have risen nearly 2.62% since the year began. Nevertheless, the stocks have fallen -10.84% over the past one year. While a 52-week high of $147.46 was reached on 02/19/25, a 52-week low of $75.83 was recorded on 04/08/25. SMA at 50 days reached $96.40, while 200 days put it at $109.35.
Levels Of Support And Resistance For CRUS Stock
The 24-hour chart illustrates a support level at 101.28, which if violated will result in even more drops to 100.37. On the upside, there is a resistance level at 102.82. A further resistance level may holdings at 103.44. The Relative Strength Index (RSI) on the 14-day chart is 54.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.31%. Stochastics %K at 53.84% indicates the stock is a holding.
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.
