STORY: U.S. stocks rallied on Friday with the S&P 500 and Dow notching their biggest weekly percentage gains since early November... and the Nasdaq registering its best week since early December.The Dow gained almost eight-tenths of a percent,
Shares of Qorvo Inc. QRVO inched 0.31% higher to $71.91 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.16% to 5,836.22 and the Dow Jones Industrial Average DJIA rising 0.86% to 42,297.12. The stock's rise snapped a two-day losing streak.
Barclays analyst Tom O’Malley lowered the firm’s price target on Qorvo (QRVO) to $80 from $90 and keeps an Equal Weight rating on the shares as
The S&P 500 jumped 1.8% on Wednesday, Jan. 15, as several financial firms reported solid results and a downtick in core inflation revived rate-cut hopes.
Shares of both miners rose in London after Bloomberg reported that the companie
The stock's fall snapped a three-day winning streak.
Shares of chipmaker Qorvo (NASDAQ: QRVO) rallied 13.4% on Friday, as of 1:55 p.m. ET. Qorvo soared on the news that an activist investor had taken a sizable stake in the company. Given that the stock is down about 29% in the last year and activist involvement could lead to shareholder-friendly moves, Qorvo rallied on the news.
Enphase Energy ( ENPH) took the top spot for the most shorted S&P 500 ( SP500) stock as a percentage of float in December. As of Dec. 31, 15.51% of Enphase Energy’s ( ENPH) shares were sold short, compared to 14.76% at the end of November. The energy tech firm notched a sharp decline last year, with shares down -48%.
U.S. stock indexes are rallying toward the close of their best week in two months. The S&P 500 rose 1.1% Friday.
Shares of the company rose over 8% in premarket trading. The Apple supplier has been grappling with stiff competition and slowing orders for its smartphone chips as consumers gravitate towards entry-tier smartphones,
According to preliminary data, the S&P 500 gained 59.48 points, or 1.01%, to end at 5,996.82 points, while the Nasdaq Composite gained 291.91 points, or 1.51%, to 19,630.20. The Dow Jones Industrial Average rose 338.82 points, or 0.79%, to 43,491.95.
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