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

Qorvo (QRVO) stock had a bullish inflow of $2.26 million worth of trades on uptick and an outflow of $0.98 million in downticks on Friday. The total uptick to downtick ratio stood at 2.31. The net money flow into the stock was $1.28 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $0.8 million. $0.8 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Qorvo (QRVO) stock traded down $0.29 , and reached $57.46, a drop of -0.5% over the previous day. On a weekly basis, the stock is -0.28%, over the previous weeks close.


The company Insiders own 1.14% of Qorvo shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -15.86% . Institutional Investors own 87.25% of Qorvo shares. During last six month period, the net percent change held by insiders has seen a change of -17.52%.

In a related news, The Securities and Exchange Commission has divulged that Nelson Roderick, director of Qorvo, Inc., had unloaded 3,100 shares at an average price of $56.5 in a transaction dated on August 23, 2016. The total value of the transaction was worth $175,150.

Qorvo (NASDAQ:QRVO): stock was range-bound between the intraday low of $57.15 and the intraday high of $58.33 after having opened at $57.95 on Fridays session. The stock finally closed in the red at $57.95, a loss of -0.26%. The stock remained in the red for the whole trading day. The total traded volume was 966,365 shares. The stock failed to cross $58.33 in Fridays trading. The stocks closing price on Thursday was $57.75.

Qorvo (QRVO) has risen sharply, recording gains of 4.63% in the past 4 weeks. However, the stock has corrected -0.03% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.77% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

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.