Microsemi Corporation (NASDAQ:MSCC) has been under a strong bear grip, hence the stock is down -0.72% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.56% 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 3.88% in the last 1 week, and is up 0.89% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 1.11% from its 1 Year high price. On Nov 6, 2015, the shares registered one year high at $39.56 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $33.05 and the 200 Day Moving Average price is recorded at $33.63.
The stock has recorded a 20-day Moving Average of 2.67% and the 50-Day Moving Average is 1.95%.
Microsemi Corporation (NASDAQ:MSCC): stock turned positive on Friday. Though the stock opened at $32.91, the bulls momentum made the stock top out at $33.98 level for the day. The stock recorded a low of $32.57 and closed the trading day at $33.615, in the green by 3.88%. The total traded volume for the day was 1,401,922. The stock had closed at $32.36 in the previous days trading.
In an insider trading activity, Litchfield Steven G, officer (EVP & Chief Strategy Officer) of Microsemi Corp, executed a transaction worth $502,583 on May 16, 2016. A total of 15,750 shares were purchased at an average price of $31.91. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Microsemi Corporation (Microsemi) is a designer, manufacturer and marketer of high-performance analog and mixed-signal semiconductor solutions. Microsemis products include high-performance and radiation-hardened analog mixed-signal integrated circuits (ICs), field programmable gate arrays (FPGAs), system on chip solutions (SoCs) and application-specific integrated circuits (ASICs); power management products; timing and synchronization devices and precise time solutions; voice processing devices; radio frequency (RF) solutions; discrete components; security technologies and scalable anti-tamper products; Power-over-Ethernet (PoE) ICs and midspans. The principal end markets that its serves include aerospace, communications, defense and security, and industrial. Its products are found in various applications, such as communications infrastructure systems; military and commercial satellites and aircrafts, oil field equipment, and airport security systems.