Cree (CREE) Shares are Up 2.71%

Cree (CREE) has been under a strong bear grip, hence the stock is down -11.63% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.19% in the past 1 week. The stock has risen by 2.71% in the past week indicating that the buyers are active at lower levels, but the stock is down -11.74% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 3.25% and the 50-Day Moving Average is 5.52%.The 200 Day SMA reached 6.77%. Cree, Inc. is up 1.15% in the last 3-month period. Year-to-Date the stock performance stands at -7.57%.


Cree (NASDAQ:CREE): After opening at $24.24, the stock dipped to an intraday low of $24.18 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $24.93 and the buying power remained strong till the end. The stock closed at $24.65 for the day, a gain of 1.11% for the day session. The total traded volume was 1,040,333. The stocks close on the previous trading day was $24.38.

Cree, Inc. is a manufacturer of lighting-class light emitting diode (LED) products, lighting products and semiconductor products for power and radio-frequency (RF) applications. The Companys products are focused for applications, such as indoor and outdoor lighting, video displays, transportation, electronic signs and signals, power supplies, inverters and wireless systems. The Company has three segments: Lighting Products, LED Products, and Power and RF Products. The Companys Lighting Products segment offers LED lighting systems and bulbs. The Companys LED Products segment offers LED components, LED chips and silicon carbide (SiC) materials. The Companys Power and RF Products segment offers power devices and RF devices. The Company designs, manufactures and markets lighting systems for indoor and outdoor applications, with a focus on LED lighting systems for the commercial, industrial and consumer markets.

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