Shares of Qorvo (QRVO) Sees Large Outflow of Money

Qorvo (QRVO) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($3.1 million) and the uptick to downtick ratio was 0.8. The transaction value on upticks was $12.76 million and on downticks, the transaction value was $15.86 million. The transaction value of block trades during downticks was $2.58 million. The money flow was negative ($2.58 million), indicating the traders were booking profit on the price strength. Qorvo (QRVO) rose $2.49 at $59.16, during intraday Thursday , a rise of 4.39% over the previous days close.


The stock has recorded a 20-day Moving Average of 7.79% and the 50-Day Moving Average is 14.31%. Shares have dropped -25.95% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $80.79 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $53.93 and the 200 Day Moving Average price is recorded at $47.35.

Qorvo (NASDAQ:QRVO): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $57.54 and $57.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $59.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $59.31, notching a gain of 4.66% for the day. The total traded volume was 1,536,321 . The stock had closed at $56.67 on the previous day.

In an insider trading activity, The Director Officer (President And Ceo), of Qorvo, Inc., Bruggeworth Robert A had unloaded 46,250 shares at $52.65 per share in a transaction on June 28, 2016. The total value of transaction was $2,435,063. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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.

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