Today’s Research Reports on Trending Tickers: Cree and Cirrus Logic
U.S. equities saw losses on Tuesday as continued weakness in oil prices pressured energy stocks lower. Crude oil dropped for the 12th consecutive session, its longest losing streak in three decades. The Dow Jones Industrial Average dropped 0.40 percent to close at 25,286.49, while the S&P 500 Index shed 0.15 percent to close at 2,722.18. The Nasdaq Composite Index closed almost flat at 7,200.88.
RDI Initiates Coverage on:
Cirrus Logic, Inc.
Cree’s stock jumped 5.2% Tuesday, to close the day at $43.68. The stock recorded a trading volume of 1,763,305 shares, which was below its three months average volume of 1,869,889 shares. In the last year, Cree’s shares have traded in a range of 30.78 – 51.78. The share price has gained 41.91% from its 52 week low. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $39.24 is below its 200-day moving average of $43.77. Shares of Cree have gained roughly 26.39 percent in the past month and are up 17.61 percent year-to-date.
Access RDI’s Cree, Inc. Research Report at:
On Tuesday, shares of Cirrus Logic recorded a trading volume of 2,451,024 shares, which was above the three months average volume of 918,075 shares. The stock ended the day 5.35% higher at $37.54. The share price has fallen 34.59% from its 52 week high with a 52 week trading range of 34.49 – 57.39. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $37.77 is below its 200-day moving average of $39.60. Shares of the company are trading at a Price to Earnings ratio of 23.99. Shares of Cirrus Logic have gained roughly 6.38 percent in the past month and are down 27.61 percent year-to-date.
Access RDI’s Cirrus Logic, Inc. Research Report at:
Our Actionable Research on Cree, Inc. (NASDAQ:CREE) and Cirrus Logic, Inc. (NASDAQ:CRUS) can be downloaded free of charge at Research Driven Investing.
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