Scalper1 News
The chip designers industry group bounced back quickly from a rough session on Wednesday as Cirrus Logic (CRUS) in particular had a quick reversal of fortune. Hurt by disappointing iPhone sales numbers Wednesday, shares came back with a vengeance Thursday in response to Cirrus’ earnings report. The stock gapped up to as much as a 22% gain and retook its 50-day moving average. Fiscal Q1 results, which ended in June, showed earnings per share up 46% Scalper1 News
Scalper1 News