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
76,65 €
-0,61 %
Qorvo Inc. ist ein kleiner Community-Favorit mit mehr Buy- als Sell-Einschätzungen.
Das Kursziel von 95 € für Qorvo Inc. weist auf eine potenzielle Steigerung von über 20% gegenüber dem aktuellen Kurs von 76.65 € hin.
