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Qorvo (QRVO) in Focus: Stock Moves 6.3% Higher

Zacks

Qorvo, Inc. QRVO was a big mover last session, as the company saw its shares rise over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $69.68–$76.25 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has seen no positive estimate revisions over the past one month versus one negative estimate revision. The Zacks Consensus Estimate for the current quarter has also moved lower, suggesting that there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Qorvo currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.

Qorvo, Inc. Price and Consensus


A better ranked stock in the Computer and Technology sector is HP Inc. HPQ which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is QRVO going up? Or down? Predict to see what others think:Up or Down

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