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Cirrus Logic Inc. Message Board

  • veqasfletch2001 veqasfletch2001 Jun 9, 2013 5:56 PM Flag

    What is CRUS price in coming days

    CRUS drpped from low $22 to low low $17 based on extreme reaction to its margin and income correction. Of course, a low volume, low float stock like CRUS saw extreme reaction from some scared investors who sold because of margin call or other reasons. The mid point of $17-$22 is $19.50 and that is reasonable price if CRUS did not have low float/volume. As time passes and traders who bought at low exit then CRUS will inch up to $20 since this is the price that easily can support new adjusted income.

51.64-0.36(-0.69%)Aug 24 4:00 PMEDT