On a relative basis, the stock has outperformed the S&P 500 by 1.9% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The 4-week change in the price of the stock is -0.17% and the stock has fallen -0.83% in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.74% and the 50-Day Moving Average is 8.32%.The 200 Day SMA reached 9.12% Cree, Inc. has dropped 2.96% during the last 3-month period . Year-to-Date the stock performance stands at -10.16%.
Cree (CREE) : The highest short term price target forecast on Cree (CREE) is $34 and the lowest target price is $24. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $28.17 with a standard deviation of $3.82.
Company shares have received an average consensus rating of Hold for the current week Cree (NASDAQ:CREE): stock was range-bound between the intraday low of $23.76 and the intraday high of $24.24 after having opened at $23.96 on Fridays session. The stock finally closed in the red at $23.96, a loss of -0.04%. The stock remained in the red for the whole trading day. The total traded volume was 1,138,367 shares. The stock failed to cross $24.24 in Fridays trading. The stocks closing price on Thursday was $23.96.
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.