Qorvo (QRVO) : Traders are bullish on Qorvo (QRVO) as it has outperformed the S&P 500 by a margin of 3.25% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.3%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.92% in the last 1 week, and is up 10.23% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Qorvo (NASDAQ:QRVO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $59.40 and $58.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $61.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $60.56, notching a gain of 0.77% for the day. The total traded volume was 2,098,657 . The stock had closed at $60.10 on the previous day.
The stock has recorded a 20-day Moving Average of 7.29% and the 50-Day Moving Average is 12.97%. Qorvo, Inc. is up 32.52% in the last 3-month period. Year-to-Date the stock performance stands at 18.98%.
Qorvo, Inc. provides core technologies and radio frequency (RF) solutions for mobile, infrastructure and defense and aerospace applications. The Company offers amplification, filtering and switching products for RF, microwave and millimeter-wave applications. It serves the mobile device, networks infrastructure and defense and aerospace markets. It designs, develops, manufactures and markets its products to the United States and international original equipment manufacturers and original design manufacturers. Its operating segments include Mobile Products (MP) and Infrastructure and Defense Products (IDP). The MP segment supplies RF solutions that perform various functions in the complex cellular radio front end section of smartphones and other cellular devices. The IDP segment supplies an array of RF solutions to wireless network infrastructure, defense and aerospace markets and short-range connectivity applications for commercial, consumer, industrial and automotive markets.