Qorvo (QRVO) : The money flow analysis of Qorvo (QRVO) indicates a $1.86 million of outflow was on downticks, whereas, the investors on Tuesday gobbled up stocks worth $2.69 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.44 and so was the total money flow at $0.83 million. The bulls lapped up $0.64 million worth of block trades on upticks. The money flow was $0.64 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Qorvo (QRVO), pushing it down by -0.12% for the day. The stock slid $0.07 and traded at $57.66 during the day. Nonetheless, the stock is 2.93% 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 -3.21% . Institutional Investors own 90.82% of Qorvo shares. During last six month period, the net percent change held by insiders has seen a change of -6.29%. 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.
Shares of Qorvo, Inc. rose by 11.93% in the last five trading days and 7.35% for the last 4 weeks. Qorvo, Inc. is up 21.64% in the last 3-month period. Year-to-Date the stock performance stands at 13.95%.
Qorvo (NASDAQ:QRVO): stock turned positive on Tuesday. Though the stock opened at $58.21, the bulls momentum made the stock top out at $58.65 level for the day. The stock recorded a low of $57.58 and closed the trading day at $58, in the green by 0.47%. The total traded volume for the day was 1,142,635. The stock had closed at $57.73 in the previous days trading.
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.