Why Qorvo Rallied Double Digits Today
Shares of chipmaker (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.
In a filing today, Qorvo disclosed activist investing firm Starboard Value Partners had taken a 7.29 million share stake in the company, good for about $500 million and accounting for 7.7% of Qorvo's total shares outstanding.
Source Fool.com
Qorvo Inc. Aktie
68,60 €
0,38 %
Leichte Kaufneigung bei Qorvo Inc., mit mehr Buy- als Sell-Einschätzungen.
Die Community erwartet für Qorvo Inc. ein Kursziel von 84 €, was eine Steigerung von über 20% gegenüber 68.6 € bedeuten würde.
