Cree Inc (CREE) 45.74 $CREE
Cree Earnings Hindsight: Down 21.6% in Last 20 Days (CREE)
Comtex SmarTrend(R) - Mon May 12, 11:04AM CDT
Two weeks ago on April 22nd, 2014 Cree (NASDAQ:CREE) reported earnings and analysts, on average, expected earnings of $0.38 on sales of $407.3 million. The company actually reported EPS of $0.39 on sales of $405.3 million, beating EPS estimates by $0.01 and missing revenue estimates by $2.0 million. Since the company's report, shares of Cree have fallen from $58.05 to $45.54, representing a loss of 21.6% in the past 20 days.
20.2% Return Seen to Date on SmarTrend Cree Call (CREE)
Comtex SmarTrend(R) - Fri May 09, 11:08AM CDT
SmarTrend identified a Downtrend for Cree (NASDAQ:CREE) on February 5th, 2014 at $56.73. In approximately 3 months, Cree has returned 20.25% as of today's recent price of $45.24.
Upgrade Alert for Cree (CREE)
Comtex SmarTrend(R) - Fri May 09, 7:03AM CDT
Cree (NASDAQ:CREE) was upgraded from Hold to Buy at Gabelli & Co today. The stock closed yesterday at $45.40 on volume of 3.1 million shares, above average daily volume of 3.0 million. In the past 52 weeks, shares of Cree have traded between a low of $44.60 and a high of $76.00 and closed yesterday at $45.40, which is 2% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 2.2%.
Earnings Releases, New Product Launches, Product Reach Expansion, and Awards - Analyst Notes on First Solar, SanDisk, Adobe, Cree and TI
PR Newswire - Fri May 09, 7:00AM CDT
Today, Analysts Review released its analysts' notes regarding First Solar, Inc. (NASDAQ: FSLR), SanDisk Corporation (NASDAQ: SNDK), Adobe Systems Inc. (NASDAQ: ADBE), Cree, Inc. (NASDAQ: CREE) and Texas Instruments Inc. (NASDAQ: TXN). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2238-100free.
Cree Announces Increase of Company's Stock Repurchase Program
Business Wire - Thu May 08, 7:00AM CDT
On May 6, 2014, the board of directors of Cree, Inc. (Nasdaq: CREE and the "Company"
approved an increase in the amount of the Company's stock repurchase program. Pursuant to the program, the Company is now authorized to repurchase shares of its common stock having an aggregate purchase price not exceeding $300 million for all purchases from June 20, 2013 through the new expiration of the program on June 28, 2015.
Cree Announces Low Cost Extended Bandwidth GaN HEMT Transistors to Support Data-Hungry Small Cell Networks
Business Wire - Wed May 07, 8:01AM CDT
As high data rate applications put more strain on LTE wireless networks, innovative solutions such as small cell base stations (BTS) and carrier aggregation will be needed to bridge the bandwidth gap in high traffic areas. In response to broader bandwidth demand, Cree, Inc. (Nasdaq: CREE) introduces a family of GaN HEMT RF transistors that delivers industry-leading bandwidth and high efficiency performance to support today's busy LTE networks. Built on plastic dual-flat no-leads (DFN) surface mount packages, the new Cree(R) GaN HEMT RF transistors also provide the affordability needed to replace less efficient Si or GaAs transistors in these applications.
Cree LED Bulb with Industry's Best Color Quality Now Available Nationwide
Business Wire - Tue May 06, 8:01AM CDT
Less than one year after the successful launch of the TW (TrueWhite(R)) Series Cree(R) LED Bulb in California, Cree, Inc. (Nasdaq: CREE) is expanding the bulb's availability across The Home Depot(R) stores nationwide. Delivering an unprecedented Color Rendering Index (CRI) of 93, the TW Series Cree LED Bulb displays colors true and natural, ideal for use in kitchens, bathrooms and closets, where color quality matters most. The 40-watt replacement TW Series Cree LED Bulb retails for $13.97 and the Cree 60-watt replacement bulb retails for $15.97.
Look for Shares of Cree to Potentially Rebound after Yesterday's 1.70% Sell Off
Comtex SmarTrend(R) - Mon May 05, 4:53PM CDT
Cree (NASDAQ:CREE) traded in a range yesterday that spanned from a low of $45.35 to a high of $46.17. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $46.03 on volume of 2.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Post Earnings Update: Cree Has Sunk 20.1% Lower in Past Week (CREE)
Comtex SmarTrend(R) - Mon May 05, 7:12AM CDT
When Cree (NASDAQ:CREE) reported earnings a week ago on April 22nd, 2014, analysts, on average, expected the company to report earnings of $0.38 on sales of $407.3 million. Cree actually reported earnings of $0.39 per share on sales of $405.3 million, beating EPS estimates by $0.01 and missing revenue estimates by $2.0 million. Since the company's report, shares of Cree have fallen from $58.05 to $46.39, representing a loss of 20.1% in the past 13 days.
Cree Delivers the First No-Compromise LED T8 Replacement Tube
Business Wire - Mon May 05, 7:01AM CDT
Cree, Inc. (Nasdaq: CREE) introduces a series of LED T8 replacement tubes that finally gives commercial lighting users reasons to switch to LED lighting and stop using linear fluorescent tubes. The Cree(R) LED T8 Series is the first linear fluorescent replacement to deliver on the promise of LED technology with the industry's best light quality, 30 percent energy savings and near-universal driver compatibility. The Cree LED T8 Series is eligible for utility rebates, comes with a five-year warranty, and has a suggested retail price of $30.
Shares of CREE Down 18.0% Since Downtrend Call on Shares
Comtex SmarTrend(R) - Fri May 02, 9:47AM CDT
SmarTrend identified a Downtrend for Cree (NASDAQ:CREE) on February 5th, 2014 at $56.73. In approximately 3 months, Cree has returned 18.03% as of today's recent price of $46.50.
Amazon, Pandora, Chipotle, 7 More Stocks Slammed After Quarterly Results
at The Street - Fri May 02, 9:40AM CDT
Cree, 3D Systems, Facebook, Intuitive Surgical, Netflix, Panera Bread and Under Armour were also double-digit losers to their post-earnings lows.
Cree Adds PAR38 LED Replacement Bulbs to Best-Selling LED Bulb Portfolio
Business Wire - Wed Apr 30, 7:02AM CDT
Cree, Inc. (Nasdaq:CREE) expands its industry-leading LED bulb portfolio with the PAR38 Cree(R) LED Bulb family. These ground-breaking bulbs leverage the same technical innovations that made the Cree LED Bulb the best-selling LED light bulb in America - delivering a PAR38 replacement that looks and lights the way consumers expect, but uses 80 percent less energy. At just $24.97, or up to 50 percent less than comparable LED replacements, the PAR38 Cree LED Bulb utilizes the same textured glass and standard shape of traditional halogen PAR38 bulbs and is suitable for use outdoors. Best of all, the PAR38 Cree LED Bulb lasts for 25,000 hours, meaning you won't have to install another bulb for 23 years.*
GaN Semiconductor Devices Market Opportunities to 2019: Power Semiconductors & Opto Semiconductors Analysis
M2 - Wed Apr 30, 6:30AM CDT
Research and Markets (http://www.researchandmarkets.com/research/8lpnh9/gan_semiconductor) has announced the addition of the "GaN Semiconductor Devices Market Opportunities to 2019: Power Semiconductors & Opto Semiconductors Analysis" report to their offering. Gallium Nitride (GaN) is a wide band gap semiconductor material. Owing to its electrical properties such as saturation velocity and high breakdown voltage, GaN is an ideal choice for high power applications in high voltage switching devices such as RF power amplifiers. Compared to silicon and gallium arsenide, GaN is a matured technology and provides benefits of reducing device size by eliminating cooling requirements which, in turn, reduces the cost of the device. Growing need for power efficient semiconductor devices coupled with increasing application areas, especially in the field of computers, ICT, consumer electronics, automotive and industrial sector have fuelled the growth of GaN semiconductor devices market. In automotive sector, GaN LEDs have already started replacing incandescent lamps. In consumer electronics sector, the rising demand for fixed and wireless devices such as TVs, laptops, gaming devices and smartphones is expected to drive the GaN semiconductor device market. Currently, military is the largest application area for GaN semiconductor device market. The continuous need for enhanced military performance is expected to drive the GaN semiconductor market for military applications in the coming future. However, consumer electronics is expected to remain dominant application segment for GaN semiconductor device during the forecast period. In case of product types, currently, GaN is increasingly used in opto semiconductors. GaN acts as a dominant material of choice for opto semiconductors as it helps to combat power loss thereby saving energy. However, power semiconductors show fastest growth potential during the forecast period as GaN is increasingly used in military and industrial applications. In 2012, North America held the largest market share, and accounted for around 32% of the global GaN semiconductor device market. This can be attributed to the high penetration of GaN based semiconductor products in the field of military, aerospace and defense sector. Asia Pacific GaN semiconductor devices market is expected to be to the fastest growing market in the coming years. This is majorly owing to the advancements in automotive and consumer electronics sector. Scope of the Report Product Type - Power semiconductors -- Schottky Diode -- Metal Oxide Semiconductor Field Effect Transistor (MOSFETs) -- High Electron Mobility Transistors (HEMTs) -- Others (Rectifiers, other advanced transistor types) - Opto semiconductors -- Light Emitting Diodes -- Laser Diodes Application - Computer Sector - ICT Sector - Automotive Sector - Military, Aerospace and Defense - Consumer Electronics - Medical - Others Key Topics Covered: Chapter 1 Preface Chapter 2 Executive Summary Chapter 3 Gallium Nitride (GaN) Semiconductor Devices Market Analysis Chapter 4 Gallium Nitride (GaN) Semiconductor Devices Market Analysis, By Product 2013 - 2019 Chapter 5 Gallium Nitride (GaN) Semiconductor Devices Market Analysis, By Applications 2013 - 2019 Chapter 6 Gallium Nitride (GaN) Semiconductor Devices Market Analysis, By Geography 2013 - 2019 Chapter 7 Company Profiles - Cree Inc. - Efficient Power Conversion Corporation - Freescale Semiconductor Inc. - Fujitsu Limited - GaN Systems Inc. - International Quantum Epitaxy plc - International Rectifier - NXP Semiconductors N.V. - Nichia Corporation - RF Micro Devices Inc. - Renesas Electronics Corporation - Texas Instruments Inc. - Toshiba Corporation For more information visit http://www.researchandmarkets.com/research/8l...iconductor
An Upsetting Story About Dimming Profitability at CREE, Inc.
Value Penguin, The Motley Fool - Motley Fool - Tue Apr 29, 3:00PM CDT
North Carolina-based CREE is a leader in the manufacture of light-emitting diodes, commonly known as LEDs. Founded in 1987, CREE focuses on two major product lines: LED components and lighting products. The recent worldwide push for energy savings...
Financial Results and Closing of Facility Financing - Analyst Notes on Cree, Intel, SunEdison, Skyworks Solutions and TI
PR Newswire - Mon Apr 28, 7:00AM CDT
Today, Analysts Review released its analysts' notes regarding Cree, Inc. (NASDAQ: CREE), Intel Corporation (NASDAQ: INTC), SunEdison, Inc. (NYSE: SUNE), Skyworks Solutions Inc. (NASDAQ: SWKS) and Texas Instruments Inc. (NASDAQ: TXN). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1670-100free.
Watch for Cree to Potentially Rebound After Falling 4.18% Yesterday
Comtex SmarTrend(R) - Fri Apr 25, 4:52PM CDT
Cree (NASDAQ:CREE) traded in a range yesterday that spanned from a low of $47.83 to a high of $49.91. Yesterday, the shares fell 4.2%, which took the trading range below the 3-day low of $49.81 on volume of 5.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Cree Set to Possibly Rebound After Yesterday's Selloff of 4.18%
Comtex SmarTrend(R) - Fri Apr 25, 4:51PM CDT
Cree (NASDAQ:CREE) traded in a range yesterday that spanned from a low of $47.83 to a high of $49.91. Yesterday, the shares fell 4.2%, which took the trading range below the 3-day low of $49.81 on volume of 5.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Cree Earnings Hindsight: Down 21.6% in Last 20 Days (CREE)
Comtex SmarTrend(R) - Mon May 12, 11:04AM CDT
Two weeks ago on April 22nd, 2014 Cree (NASDAQ:CREE) reported earnings and analysts, on average, expected earnings of $0.38 on sales of $407.3 million. The company actually reported EPS of $0.39 on sales of $405.3 million, beating EPS estimates by $0.01 and missing revenue estimates by $2.0 million. Since the company's report, shares of Cree have fallen from $58.05 to $45.54, representing a loss of 21.6% in the past 20 days.
20.2% Return Seen to Date on SmarTrend Cree Call (CREE)
Comtex SmarTrend(R) - Fri May 09, 11:08AM CDT
SmarTrend identified a Downtrend for Cree (NASDAQ:CREE) on February 5th, 2014 at $56.73. In approximately 3 months, Cree has returned 20.25% as of today's recent price of $45.24.
Upgrade Alert for Cree (CREE)
Comtex SmarTrend(R) - Fri May 09, 7:03AM CDT
Cree (NASDAQ:CREE) was upgraded from Hold to Buy at Gabelli & Co today. The stock closed yesterday at $45.40 on volume of 3.1 million shares, above average daily volume of 3.0 million. In the past 52 weeks, shares of Cree have traded between a low of $44.60 and a high of $76.00 and closed yesterday at $45.40, which is 2% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 2.2%.
Earnings Releases, New Product Launches, Product Reach Expansion, and Awards - Analyst Notes on First Solar, SanDisk, Adobe, Cree and TI
PR Newswire - Fri May 09, 7:00AM CDT
Today, Analysts Review released its analysts' notes regarding First Solar, Inc. (NASDAQ: FSLR), SanDisk Corporation (NASDAQ: SNDK), Adobe Systems Inc. (NASDAQ: ADBE), Cree, Inc. (NASDAQ: CREE) and Texas Instruments Inc. (NASDAQ: TXN). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2238-100free.
Cree Announces Increase of Company's Stock Repurchase Program
Business Wire - Thu May 08, 7:00AM CDT
On May 6, 2014, the board of directors of Cree, Inc. (Nasdaq: CREE and the "Company"
approved an increase in the amount of the Company's stock repurchase program. Pursuant to the program, the Company is now authorized to repurchase shares of its common stock having an aggregate purchase price not exceeding $300 million for all purchases from June 20, 2013 through the new expiration of the program on June 28, 2015. Cree Announces Low Cost Extended Bandwidth GaN HEMT Transistors to Support Data-Hungry Small Cell Networks
Business Wire - Wed May 07, 8:01AM CDT
As high data rate applications put more strain on LTE wireless networks, innovative solutions such as small cell base stations (BTS) and carrier aggregation will be needed to bridge the bandwidth gap in high traffic areas. In response to broader bandwidth demand, Cree, Inc. (Nasdaq: CREE) introduces a family of GaN HEMT RF transistors that delivers industry-leading bandwidth and high efficiency performance to support today's busy LTE networks. Built on plastic dual-flat no-leads (DFN) surface mount packages, the new Cree(R) GaN HEMT RF transistors also provide the affordability needed to replace less efficient Si or GaAs transistors in these applications.
Cree LED Bulb with Industry's Best Color Quality Now Available Nationwide
Business Wire - Tue May 06, 8:01AM CDT
Less than one year after the successful launch of the TW (TrueWhite(R)) Series Cree(R) LED Bulb in California, Cree, Inc. (Nasdaq: CREE) is expanding the bulb's availability across The Home Depot(R) stores nationwide. Delivering an unprecedented Color Rendering Index (CRI) of 93, the TW Series Cree LED Bulb displays colors true and natural, ideal for use in kitchens, bathrooms and closets, where color quality matters most. The 40-watt replacement TW Series Cree LED Bulb retails for $13.97 and the Cree 60-watt replacement bulb retails for $15.97.
Look for Shares of Cree to Potentially Rebound after Yesterday's 1.70% Sell Off
Comtex SmarTrend(R) - Mon May 05, 4:53PM CDT
Cree (NASDAQ:CREE) traded in a range yesterday that spanned from a low of $45.35 to a high of $46.17. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $46.03 on volume of 2.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Post Earnings Update: Cree Has Sunk 20.1% Lower in Past Week (CREE)
Comtex SmarTrend(R) - Mon May 05, 7:12AM CDT
When Cree (NASDAQ:CREE) reported earnings a week ago on April 22nd, 2014, analysts, on average, expected the company to report earnings of $0.38 on sales of $407.3 million. Cree actually reported earnings of $0.39 per share on sales of $405.3 million, beating EPS estimates by $0.01 and missing revenue estimates by $2.0 million. Since the company's report, shares of Cree have fallen from $58.05 to $46.39, representing a loss of 20.1% in the past 13 days.
Cree Delivers the First No-Compromise LED T8 Replacement Tube
Business Wire - Mon May 05, 7:01AM CDT
Cree, Inc. (Nasdaq: CREE) introduces a series of LED T8 replacement tubes that finally gives commercial lighting users reasons to switch to LED lighting and stop using linear fluorescent tubes. The Cree(R) LED T8 Series is the first linear fluorescent replacement to deliver on the promise of LED technology with the industry's best light quality, 30 percent energy savings and near-universal driver compatibility. The Cree LED T8 Series is eligible for utility rebates, comes with a five-year warranty, and has a suggested retail price of $30.
Shares of CREE Down 18.0% Since Downtrend Call on Shares
Comtex SmarTrend(R) - Fri May 02, 9:47AM CDT
SmarTrend identified a Downtrend for Cree (NASDAQ:CREE) on February 5th, 2014 at $56.73. In approximately 3 months, Cree has returned 18.03% as of today's recent price of $46.50.
Amazon, Pandora, Chipotle, 7 More Stocks Slammed After Quarterly Results
at The Street - Fri May 02, 9:40AM CDT
Cree, 3D Systems, Facebook, Intuitive Surgical, Netflix, Panera Bread and Under Armour were also double-digit losers to their post-earnings lows.
Cree Adds PAR38 LED Replacement Bulbs to Best-Selling LED Bulb Portfolio
Business Wire - Wed Apr 30, 7:02AM CDT
Cree, Inc. (Nasdaq:CREE) expands its industry-leading LED bulb portfolio with the PAR38 Cree(R) LED Bulb family. These ground-breaking bulbs leverage the same technical innovations that made the Cree LED Bulb the best-selling LED light bulb in America - delivering a PAR38 replacement that looks and lights the way consumers expect, but uses 80 percent less energy. At just $24.97, or up to 50 percent less than comparable LED replacements, the PAR38 Cree LED Bulb utilizes the same textured glass and standard shape of traditional halogen PAR38 bulbs and is suitable for use outdoors. Best of all, the PAR38 Cree LED Bulb lasts for 25,000 hours, meaning you won't have to install another bulb for 23 years.*
GaN Semiconductor Devices Market Opportunities to 2019: Power Semiconductors & Opto Semiconductors Analysis
M2 - Wed Apr 30, 6:30AM CDT
Research and Markets (http://www.researchandmarkets.com/research/8lpnh9/gan_semiconductor) has announced the addition of the "GaN Semiconductor Devices Market Opportunities to 2019: Power Semiconductors & Opto Semiconductors Analysis" report to their offering. Gallium Nitride (GaN) is a wide band gap semiconductor material. Owing to its electrical properties such as saturation velocity and high breakdown voltage, GaN is an ideal choice for high power applications in high voltage switching devices such as RF power amplifiers. Compared to silicon and gallium arsenide, GaN is a matured technology and provides benefits of reducing device size by eliminating cooling requirements which, in turn, reduces the cost of the device. Growing need for power efficient semiconductor devices coupled with increasing application areas, especially in the field of computers, ICT, consumer electronics, automotive and industrial sector have fuelled the growth of GaN semiconductor devices market. In automotive sector, GaN LEDs have already started replacing incandescent lamps. In consumer electronics sector, the rising demand for fixed and wireless devices such as TVs, laptops, gaming devices and smartphones is expected to drive the GaN semiconductor device market. Currently, military is the largest application area for GaN semiconductor device market. The continuous need for enhanced military performance is expected to drive the GaN semiconductor market for military applications in the coming future. However, consumer electronics is expected to remain dominant application segment for GaN semiconductor device during the forecast period. In case of product types, currently, GaN is increasingly used in opto semiconductors. GaN acts as a dominant material of choice for opto semiconductors as it helps to combat power loss thereby saving energy. However, power semiconductors show fastest growth potential during the forecast period as GaN is increasingly used in military and industrial applications. In 2012, North America held the largest market share, and accounted for around 32% of the global GaN semiconductor device market. This can be attributed to the high penetration of GaN based semiconductor products in the field of military, aerospace and defense sector. Asia Pacific GaN semiconductor devices market is expected to be to the fastest growing market in the coming years. This is majorly owing to the advancements in automotive and consumer electronics sector. Scope of the Report Product Type - Power semiconductors -- Schottky Diode -- Metal Oxide Semiconductor Field Effect Transistor (MOSFETs) -- High Electron Mobility Transistors (HEMTs) -- Others (Rectifiers, other advanced transistor types) - Opto semiconductors -- Light Emitting Diodes -- Laser Diodes Application - Computer Sector - ICT Sector - Automotive Sector - Military, Aerospace and Defense - Consumer Electronics - Medical - Others Key Topics Covered: Chapter 1 Preface Chapter 2 Executive Summary Chapter 3 Gallium Nitride (GaN) Semiconductor Devices Market Analysis Chapter 4 Gallium Nitride (GaN) Semiconductor Devices Market Analysis, By Product 2013 - 2019 Chapter 5 Gallium Nitride (GaN) Semiconductor Devices Market Analysis, By Applications 2013 - 2019 Chapter 6 Gallium Nitride (GaN) Semiconductor Devices Market Analysis, By Geography 2013 - 2019 Chapter 7 Company Profiles - Cree Inc. - Efficient Power Conversion Corporation - Freescale Semiconductor Inc. - Fujitsu Limited - GaN Systems Inc. - International Quantum Epitaxy plc - International Rectifier - NXP Semiconductors N.V. - Nichia Corporation - RF Micro Devices Inc. - Renesas Electronics Corporation - Texas Instruments Inc. - Toshiba Corporation For more information visit http://www.researchandmarkets.com/research/8l...iconductor
An Upsetting Story About Dimming Profitability at CREE, Inc.
Value Penguin, The Motley Fool - Motley Fool - Tue Apr 29, 3:00PM CDT
North Carolina-based CREE is a leader in the manufacture of light-emitting diodes, commonly known as LEDs. Founded in 1987, CREE focuses on two major product lines: LED components and lighting products. The recent worldwide push for energy savings...
Financial Results and Closing of Facility Financing - Analyst Notes on Cree, Intel, SunEdison, Skyworks Solutions and TI
PR Newswire - Mon Apr 28, 7:00AM CDT
Today, Analysts Review released its analysts' notes regarding Cree, Inc. (NASDAQ: CREE), Intel Corporation (NASDAQ: INTC), SunEdison, Inc. (NYSE: SUNE), Skyworks Solutions Inc. (NASDAQ: SWKS) and Texas Instruments Inc. (NASDAQ: TXN). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1670-100free.
Watch for Cree to Potentially Rebound After Falling 4.18% Yesterday
Comtex SmarTrend(R) - Fri Apr 25, 4:52PM CDT
Cree (NASDAQ:CREE) traded in a range yesterday that spanned from a low of $47.83 to a high of $49.91. Yesterday, the shares fell 4.2%, which took the trading range below the 3-day low of $49.81 on volume of 5.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Cree Set to Possibly Rebound After Yesterday's Selloff of 4.18%
Comtex SmarTrend(R) - Fri Apr 25, 4:51PM CDT
Cree (NASDAQ:CREE) traded in a range yesterday that spanned from a low of $47.83 to a high of $49.91. Yesterday, the shares fell 4.2%, which took the trading range below the 3-day low of $49.81 on volume of 5.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
