Cree (NASDAQ:CREE) : Traders are bullish on Cree (NASDAQ:CREE) as it has outperformed the S&P 500 by a wide margin of 3.97% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.17%, 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 4.49% in the last 1 week, and is up 5.65% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 2.03% from its 1 Year high price. On Mar 2, 2016, the shares registered one year high at $32.92 and the one year low was seen on Nov 13, 2015. The 50-Day Moving Average price is $24.33 and the 200 Day Moving Average price is recorded at $26.42.
The stock has recorded a 20-day Moving Average of 4.7% and the 50-Day Moving Average is 6.75%.
Cree (NASDAQ:CREE): stock turned positive on Friday. Though the stock opened at $25.13, the bulls momentum made the stock top out at $25.79 level for the day. The stock recorded a low of $24.8515 and closed the trading day at $25.61, in the green by 2.98%. The total traded volume for the day was 947,298. The stock had closed at $24.87 in the previous days trading.
In an insider trading activity, Whitaker Anne Clem, director of Cree Inc, unloaded 623 shares at an average price of $30 on February 16, 2016. The total amount of the transaction was worth $18,690, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.