Shares of Qorvo (QRVO) Sees Large Inflow of Net Money Flow

Qorvo (QRVO): $1.27 million was the positive money flow into the stock on Wednesday and the up/down ratio of ticks was also in favor of the bulls at 1.25. The value of trades done on upticks was $6.33 million, whereas, trades done on downticks were valued at $5.05 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $0.71 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $0.71 million. Qorvo (QRVO) fell $0.06 traded at $54.54, a change of -0.11% over the previous day. The stock is -0.6% for the week.


Qorvo, Inc. has lost 2.59% in the last five trading days and dropped 5.62% in the last 4 weeks. Qorvo, Inc. has dropped 0.05% during the last 3-month period . Year-to-Date the stock performance stands at 7.31%.

Qorvo (QRVO) : 19 analysts are covering Qorvo (QRVO) and their average rating on the stock is 1.89, which is read as a Buy. 10 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Qorvo (QRVO) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Qorvo (NASDAQ:QRVO): The stock opened at $54.89 and touched an intraday high of $55.6044 on Wednesday. During the day, the stock corrected to an intraday low of $54.18, however, the bulls stepped in and pushed the price higher to close in the green at $54.62 with a gain of 0.04% for the day. The total traded volume for the day was 846,730. The stock had closed at $54.6 in the previous trading session.

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.

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.