CRUS Stock Has Big Upside in 2016
Cirrus Logic, Inc. (NASDAQ:CRUS) stock has started to recover after dropping from more than $35.00 in early December to $26.80 in the first trading week of 2016. CRUS stock hit a peak of $44.35 in September 2012 and it made its all-time high way back in 1995, when it soared from around $13.00 to over $55.00 in less than 52 weeks.
Cirrus stock is on a recovery path, as the market appears to have absorbed the Austin, Texas-based chip manufacturer's lower earnings estimates for the quarter ending in late December 2015. Cirrus confirmed that.
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