We recently compiled a list of the Why These 10 Stocks Were Skyrocketing on Friday. In this article, we are going to take a look at where Qorvo, Inc. (NASDAQ:QRVO) stands against the other stocks that were skyrocketing on Friday.
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Qorvo Stock Jumps After Report Says Activist Starboard Builds Stake in Chip Maker
Starboard builds stake in Qorvo, WSJ reports
Activist investor Starboard Value has built a 7.7% stake in Qorvo, the Wall Street Journal reported on Thursday, citing people familiar with the matter. (Reporting by Gnaneshwar Rajan in
Qorvo Stock Jumps After Activist Starboard Builds Stake in Chip Maker
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.
Qorvo stock is moving higher on Friday following a Wall Street Journal report revealing that activist investor Starboard Value has acquired a 7.7% stake in the company.
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Qorvo shares rose in early trading Friday after a Wall Street Journal report found that activist investor Starboard Value has built a big stake in the chip maker and is looking to push for changes. Shares rose 7.3% higher in premarket trading at $78.99.
Shares of communications chips maker Qorvo (NASDAQ: QRVO) jumped 11.9% in the morning session after activist investor, Starboard Value, disclosed a 7.7% stake in the company. This move is noteworthy given that activist investors often bring about significant changes in targeted companies,
Shares of both miners rose in London after Bloomberg reported that the companie
Ahead of the event, analysts expect Qorvo to report a profit of $0.87 per share, down 53.9% from $1.89 per share reported in the year-ago quarter. The company has surpassed Wall Street’s ...
Another engine of value creation for Wall Street that has been slow in recent years is the IPO market — which is also set to pick up.
U.S. equities were higher at midday Friday as positive reports on inflation raised investor optimism for more Federal Reserve rate cuts ahead.
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Shares of JB Hunt tumbled 10% after the transport company missed Wall Street's fourth-quarter profit targets as revenues continued to decline. The company said it expected margins to shrink again in the first quarter of 2025 as insurance premiums and labor costs continue to rise.
For Fastenal's fourth quarter, Wall Street is looking for earnings per share of 48 cents from sales of $1.8 billion. The activist firm run by Jeff Smith owns a 7.7% stake in the chip maker that competes with the likes of Broadcom and Qualcomm.
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