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
83,78 €
-0,43 %
Die Qorvo Inc. Aktie verzeichnet mehrere Buy-Einschätzungen, was auf eine positive Stimmung hindeutet.
Für Qorvo Inc. ergibt sich ein Potenzial von -5.71%, selbst wenn das Kursziel von 79 € unter dem aktuellen Kurs von 83.78 € liegt.
