In a filing, Interdigital Inc revealed its Chief Technology Officer Pankaj Rajesh unloaded Company’s shares for reported $61964.0 on Apr 05 ’24. In the deal valued at $95.33 per share,650 shares were sold. As a result of this transaction, Pankaj Rajesh now holds 64,939 shares worth roughly $6.29 million.
Then, Hakoranta Eeva K. sold 699 shares, generating $66,943 in total proceeds. Upon selling the shares at $95.77, the Chief Licensing Officer now owns 29,984 shares.
Before that, Hakoranta Eeva K. sold 3,910 shares. Interdigital Inc shares valued at $403,395 were divested by the Chief Licensing Officer at a price of $103.17 per share. As a result of the transaction, Hakoranta Eeva K. now holds 32,778 shares, worth roughly $3.17 million.
BofA Securities downgraded its Interdigital Inc [IDCC] rating to an Underperform from a a Buy in a research note published on April 01, 2024; the price target was decreased to $100 from $140. BofA Securities also remained covering IDCC and has increased its forecast on May 10, 2023 with a “Buy” recommendation from previously “Neutral” rating. William Blair started covering the stock on January 27, 2023. It rated IDCC as “an Outperform”.
Price Performance Review of IDCC
On Tuesday, Interdigital Inc [NASDAQ:IDCC] saw its stock jump 0.39% to $96.80. Over the last five days, the stock has lost -0.63%. Interdigital Inc shares have fallen nearly -10.82% since the year began. Nevertheless, the stocks have risen 30.99% over the past one year. While a 52-week high of $119.86 was reached on 02/16/24, a 52-week low of $66.82 was recorded on 04/05/24. SMA at 50 days reached $103.78, while 200 days put it at $95.04. A total of 0.33 million shares were traded, compared to the trading of 0.43 million shares in the previous session.
Levels Of Support And Resistance For IDCC Stock
The 24-hour chart illustrates a support level at 95.84, which if violated will result in even more drops to 94.88. On the upside, there is a resistance level at 97.30. A further resistance level may holdings at 97.80. The Relative Strength Index (RSI) on the 14-day chart is 36.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.92%. Stochastics %K at 10.35% indicates the stock is a buying.
The most recent change occurred on December 09, 2022 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $80 price target.
