Why Cirrus Logic Shares Are Getting Hammered After Apple Analyst Remarks


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Cirrus Logic, Inc. (NASDAQ:CRUS) shares are trading lower by some 12.2% to $89.44 Wednesday morning. The stock is falling after an Apple analyst said the iPhone 15 is unlikely to have solid state buttons due to unresolved technicaly issues. Cirrus Logic is an Apple Inc (NASDAQ:AAPL) supplier and generally is a provider of integrated circuits for audio and voice signal processing applications.

What Happened?

Ming Chi Kuo, an analyst at TF International Securities and a prominent Apple leaker, shared his latest predictions surrounding the company on Wednesday. 

Based on the latest survey, he predicted that iPhone 15 Pro and iPhone 15 Pro Max “will abandon the closely-watched solid-state button design and revert to the traditional physical button design.”...Read More

According to data from Benzinga Pro, CRUS has a 52-week high of $111.15 and a 52-week low of $61.94.


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: Newswhy it's moving