Qorvo Inc (NASDAQ: QRVO)
Qorvo was off to a relatively normal day in the market early on today. However, minutes ago, that changed quickly when the stock started to spike. Below, we’ll talk about what we’re seeing, why, and what we can expect to see from QRVO ahead.
What We’re Seeing From QRVO
As mentioned above, Qorvo was off to a relatively normal start in the market today. While the stock was in the red, it wasn’t down by much. However, minutes ago, that started to change as the stock started to spike in a big way. Currently (10:30), QRVO is trading at $57.33 per share after a gain of $1.27 per share (2.27%) thus far today.
Why Is The Stock Gaining?
As usual, as soon as we noticed the spike in value on QRVO, the CNA Finance team started to investigate to see what was causing the movement. While the company hasn’t released anything and there is no fundamental news to speak of, there was one thing that we found.
All over social media, we’re seeing chatter surrounding Qorvo. The chatter suggests that an acquisition is on the way. However, there is no information on who might be interested, what the value of the acquisition is, or really anything else. In fact, QRVO hasn’t even verified the rumors.
What We’ll Be Watching For Ahead
First and foremost, we see these types of rumors all of the time, and more than 90% turn out to be false. Nonetheless, we’ll be watching the story closely. Of course, an acquisition would do big things for QRVO and its investors. So, we suggest that you keep an eye on the story as it unfolds as well!
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[Image Courtesy of Pixabay]