• user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 448465 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT COUNT(sid) AS count FROM sessions WHERE timestamp >= 1414145028 AND uid = 0 in /var/www/www.fnno.com/htdocs/includes/session.inc on line 111.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT DISTINCT u.uid, u.name, s.timestamp FROM users u INNER JOIN sessions s ON u.uid = s.uid WHERE s.timestamp >= 1414145028 AND s.uid > 0 ORDER BY s.timestamp DESC in /var/www/www.fnno.com/htdocs/modules/user/user.module on line 765.

Analyst Rating Flashback: Cree Down 4.9% Since Downgraded 7 Days Ago (CREE)

Published on Tue, 02/26/2013 - 10:11
By Peter Chu

One week ago Cree (NASDAQ:CREE) was downgraded from Outperform to Perform at Oppenheimer. The stock closed at $43.47, which is 4.9% lower than the price one week ago ($45.72).

Cree, Inc. develops and manufactures semiconductor materials and electronic devices made from silicon carbide (SiC). The Company uses proprietary technology to make enabling compound semiconductors such as blue and green light emitting diodes, SiC crystals used in the production of unique gemstones, and SiC wafers that are sold for device production and research.

In the past 52 weeks, shares of Cree have traded between a low of $22.25 and a high of $46.88 and are now at $43.26, which is 94% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.7%.

Cree (NASDAQ:CREE) defies analysts with a current price ($43.26) 10.8% above its average consensus price target of $38.58. The stock should find initial support at its 50-day moving average (MA) of $38.30 and further support at its 200-day MA of $30.07.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

Shares of Susquehanna Bancshares Fall Be...

Susquehanna Bancshares (NASDAQ:SUSQ) traded at a new 52-week low today of $9.37. So fa ...

Watch for Continued Losses in Shares of ...

Shares of Seachange International (NASDAQ:SEAC) traded today at $6.56, breaking its 52- ...

Select Comfort Looks to Continue to Trad...

Select Comfort (NASDAQ:SCSS) traded today at a new 52-week high of $25.70. This new hi ...

Shares of Paramount Gold and Silver Have...

Paramount Gold and Silver (NYSE:PZG) traded today at a new 52-week low of $0.66. Appro ...

Shares of Precision Castparts Have Falle...

Precision Castparts (NYSE:PCP) traded today at a new 52-week low of $215.09. So far to ...

Watch for Continued Losses in Shares of ...

New Gold (AMEX:NGD) traded today at a new 52-week low of $4.20. Approximately 2.3 mill ...

Shares of Micron Technology Have Risen A...

Micron Technology (NASDAQ:MU) traded at a new 52-week high today of $31.37. This new h ...

Watch for Continued Gains in Shares of M...

Monster Worldwide (NASDAQ:MNST) traded at a new 52-week high today of $99.53. Approxim ...