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Stock impact report

CRDO Stock Slips 9% in a Month Amid Market Jitters: Should You Buy? [Yahoo! Finance]

Cirrus Logic, Inc. (CRUS) 
Last cirrus logic, inc. earnings: 1/29 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.cirrus.com
Company Research Source: Yahoo! Finance
Escalating trade tensions, potential supply chain disruptions and a possibility of a global economic slowdown led to a broader market sell-off. The tech sector has been hit the hardest, with tech-heavy NASDAQ having entered bear market phase. However, this recent market turbulence and panic selling can be an opportunity for long term investors to buy potential winner stocks at dirt cheap prices. CRDO gained 7.8% yesterday while markets bled, but the stock is down 58.6% below its 52-week high of $86.69. CRDO's 9% fall is also much narrower than peers like Broadcom, Inc AVGO, Cirrus Logic, Inc CRUS and Marvell Technology MRVL as well as Electronic-Semiconductors industry's declines. Image Source: Zacks Investment Research Broadcom, Cirrus Logic and Marvell Technology have declined 14.2%, 20.8% and 19.8%, respectively, while the sub-industry is down 20.4%. The broader Computer and Technology sector and S&P 500 Composite have registered declines of 12.5% and 9.7%, respectively, ov Show less Read more
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