Trade Resources Industry Knowledge CREE Lost 1.14% During The Past Week and Dropped 16.24% in The Last 4 Weeks

CREE Lost 1.14% During The Past Week and Dropped 16.24% in The Last 4 Weeks

Cree, Inc. (NASDAQ:CREE) has lost 1.14% during the past week and dropped 16.24% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 1.13%. Cree, Inc. (NASDAQ:CREE) has underperformed the index by 15.53% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Company shares have received an average consensus rating of Hold for the current week Cree, Inc. has dropped 28.49% during the last 3-month period . Year-to-Date the stock performance stands at -21.69%. The company shares have dropped 48.75% in the past 52 Weeks. On July 22, 2014 The shares registered one year high of $50.63 and one year low was seen on July 7, 2015 at $23.63. The 50-day moving average is $28.83 and the 200 day moving average is recorded at $33.21. S&P 500 has rallied 5.03% during the last 52-weeks.

 Cree, Inc. (NASDAQ:CREE) : On Friday heightened volatility was witnessed in Cree, Inc. (NASDAQ:CREE) which led to swings in the share price. The shares opened for trading at $25.12 and hit $25.48 on the upside , eventually ending the session at $25.23, with a gain of 1.73% or 0.43 points. The heightened volatility saw the trading volume jump to 1,377,261 shares. The 52-week high of the share price is $50.63 and the company has a market cap of $2,753 million. The 52-week low of the share price is at $23.63 .

On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Hiller Norbert, Officer (EXECUTIVE VICE PRESIDENT) of Cree Inc, executed a transaction worth $150,700 on June 5, 2015. A total of 5,000 shares were purchased at an average price of $$30.14 . The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Cree, Inc. (Cree) develops and manufactures semiconductor materials and devices primarily based on silicon carbide (SiC), gallium nitride (GaN) and related compounds. It focuses on SiC and GaN on light emitting diode (LED) products. It develops lighting-class light emitting diode (LED) products, lighting products and semiconductor products for power and radio-frequency (RF) applications. The Companys lighting products consist of both LED and traditional lighting systems. The Company designs, manufactures and sells lighting systems for indoor and outdoor applications, with a primary focus on LED lighting systems for the commercial and industrial markets. In addition, the Company develops, manufactures and sells power and RF devices. The Company operates in three segments: LED Products, Lighting Products and Power and RF Products.

 

Source: http://www.led-search.com/news-view-4326.html
Contribute Copyright Policy
Company Shares of Cree, Inc. Drops by -1.14%
Topics: Lighting