On a relative basis, the stock has outperformed the S&P 500 by 1.22% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.45% in the last 1 week, and is up 2.85% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 19.03% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $41.04 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $37.07 and the 200 Day Moving Average price is recorded at $34.12.
The stock has recorded a 20-day Moving Average of 1.2% and the 50-Day Moving Average is 6.19%.
Cirrus Logic (NASDAQ:CRUS): stock turned positive on Friday. Though the stock opened at $37.46, the bulls momentum made the stock top out at $41.04 level for the day. The stock recorded a low of $37.15 and closed the trading day at $38.21, in the green by 3.38%. The total traded volume for the day was 1,581,471. The stock had closed at $36.96 in the previous days trading.
In an insider trading activity, The director, of Cirrus Logic Inc, Sherman William D had unloaded 266 shares at $36.45 per share in a transaction on July 5, 2016. The total value of transaction was $9,696. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Cirrus Logic, Inc. (Cirrus Logic) develops high-precision, analog and mixed-signal integrated circuits (ICs) for a range of audio and energy markets. Cirrus Logic delivers products for consumer and professional audio, automotive entertainment, and targeted industrial applications including energy control, energy measurement, light emitting diode (LED) lighting and energy exploration. The Company also serves customers from sales offices in the United States, Europe and Asia, including the Peoples Republic of China, Hong Kong, South Korea, Japan, Singapore, Taiwan and the United Kingdom. The Audio Products segment offers analog and mixed-signal audio converter and audio DSP products. The Energy Products provides high-precision analog and mixed-signal ICs for targeted energy control, energy measurement, LED lighting and energy exploration applications.