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Why Cirrus Logic Stock Soared 26.8% in October

TheMotleyFool

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Why Cirrus Logic Stock Soared 26.8% in OctoberPhoto, wide shot, wide-angle lens, Telecom equipment supplier, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/3967c11c-b755-4d39-87d0-acc853384c80.png

Shares of Cirrus Logic (NASDAQ: CRUS) popped 26.8% in October, according to data from S&P Global Market Intelligence, after the audio chip leader sounded off with better-than-expected third-quarter 2019 results.

The stock roared more than 16% higher on Oct. 31 alone -- the first trading day after Cirrus' quarterly update hit the wires.

IMAGE SOURCE: GETTY IMAGES.

Source Fool.com

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