Silicon Laboratories (SLAB) Shares Soar 15.36% After 1-Year Low

Silicon Laboratories (SLAB) shares surged by 15.36% today, marking a significant rebound after hitting its lowest level since November 2023, with an intraday decline of 3.89%.

Silicon Laboratories has been experiencing a decline in its stock price, recently hitting a new 1-year low. The stock price fell by -5.50% on April 8, 2025, continuing a 4-day downward trend. This decline has been influenced by StockNews.com downgrading SLAB shares from a "hold" rating to a "sell" rating on March 27, 2025. Additionally, SLAB has returned -33.6% over the past month, which could be contributing to the negative sentiment surrounding the stock.