In a filing, Qualcomm, Inc. revealed its CFO & COO Palkhiwala Akash J. unloaded Company’s shares for reported $0.52 million on Apr 04 ’24. In the deal valued at $173.49 per share,3,000 shares were sold. As a result of this transaction, Palkhiwala Akash J. now holds 69,343 shares worth roughly $11.78 million.
Then, THOMPSON JAMES H sold 8,000 shares, generating $1,346,160 in total proceeds. Upon selling the shares at $168.27, the Chief Technology Officer now owns 261,893 shares.
Before that, AMON CRISTIANO R sold 8,100 shares. Qualcomm, Inc. shares valued at $1,373,760 were divested by the President & CEO at a price of $169.60 per share. As a result of the transaction, AMON CRISTIANO R now holds 16,200 shares, worth roughly $2.75 million.
TD Cowen reiterated its Qualcomm, Inc. [QCOM] rating to an Outperform in a research note published on February 01, 2024; the price target was $170. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Neutral”. Cantor Fitzgerald began covering QCOM with “Neutral” recommendation on January 23, 2024. Citigroup revised its rating on January 12, 2024. It rated QCOM as “a Buy” which previously was an “a Neutral”.
Price Performance Review of QCOM
On Monday, Qualcomm, Inc. [NASDAQ:QCOM] saw its stock fall -0.85% to $169.84. Over the last five days, the stock has lost -2.18%. Qualcomm, Inc. shares have risen nearly 17.43% since the year began. Nevertheless, the stocks have risen 40.21% over the past one year. While a 52-week high of $177.59 was reached on 03/07/24, a 52-week low of $101.47 was recorded on 01/04/24. SMA at 50 days reached $162.89, while 200 days put it at $133.35. A total of 6.56 million shares were traded, compared to the trading of 8.22 million shares in the previous session.
Levels Of Support And Resistance For QCOM Stock
The 24-hour chart illustrates a support level at 167.49, which if violated will result in even more drops to 165.13. On the upside, there is a resistance level at 173.29. A further resistance level may holdings at 176.73. The Relative Strength Index (RSI) on the 14-day chart is 51.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.18%. Stochastics %K at 56.73% indicates the stock is a holding.
