Shares of Cypress Semiconductor Corporation (CY) Rally 7.88%

Cypress Semiconductor Corporation (CY) : Traders are bullish on Cypress Semiconductor Corporation (CY) as it has outperformed the S&P 500 by a wide margin of 2.49% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.29%, 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 7.88% in the last 1 week, and is up 6.97% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 11.19% and the 50-Day Moving Average is 13.06%.

Cypress Semiconductor Corporation (NASDAQ:CY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.31 and $11.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.36, notching a gain of 0.89% for the day. The total traded volume was 10,706,648 . The stock had closed at $11.26 on the previous day.


The company Insiders own 6.33% of Cypress Semiconductor Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -33.18% . Institutional Investors own 99.44% of Cypress Semiconductor Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 0.66%. In a related news, Bingham H Raymond, director of Cypress Semiconductor Corp /De/, unloaded 15,000 shares at an average price of $10.4 on July 1, 2016. The total amount of the transaction was worth $156,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Cypress Semiconductor Corporation is a provider of mixed-signal programmable solutions. The Companys offerings include PSoC 1, PSoC 3, PSoC 4 and PSoC 5LP programmable system-on-chip families. It caters to markets, including industrial, mobile handsets, consumer, computation, data communications, automotive and military. The Company operates in four segments: Programmable Systems Division, Memory Products Division, Data Communications Division and Emerging Technologies Division. The Programmable Solutions Division designs and develops solutions for end-product manufacturers. The Memory Products Division designs and manufactures SRAM products and non-volatile RAMs (random access memories). The Data Communications Division focuses on solutions for industrial, handset and consumer applications. The Emerging Technologies Division consists of the Companys subsidiaries, AgigA Tech, Inc. and Deca Technologies, Inc.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.