Cree (CREE) : On Tuesday, The money flowed into the Cree (CREE) stock with an uptick to downtick ratio was recorded at 1.59. Transactions worth $0.41 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $0.26 million. The total money flow into the stock was $0.15 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $0.1 million of block transactions on upticks. The total money flow in block trades was $0.1 million. In terms of price action, Cree (CREE) traded down $0.05 during the session at $25. Compared to the previous days closing, the stock was down only by -0.18%. For the week, the stock is -2.4%, over previous weeks closing.
The company Insiders own 2.3% of Cree shares according to the proxy statements. Institutional Investors own 87.7% of Cree shares. During last six month period, the net percent change held by insiders has seen a change of -4.37%. 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.
Shares of Cree, Inc. rose by 5.3% in the last five trading days and 4.08% for the last 4 weeks. Cree, Inc. is up 4.34% in the last 3-month period. Year-to-Date the stock performance stands at -5.4%.
Cree (NASDAQ:CREE): stock turned positive on Tuesday. Though the stock opened at $25.11, the bulls momentum made the stock top out at $25.36 level for the day. The stock recorded a low of $24.78 and closed the trading day at $25.23, in the green by 0.76%. The total traded volume for the day was 637,560. The stock had closed at $25.04 in the previous days trading.
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.