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 $6.36 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 $3.21 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 Monday, Interdigital Inc [NASDAQ:IDCC] saw its stock jump 1.31% to $97.90. Over the last five days, the stock has gained 1.53%. Interdigital Inc shares have fallen nearly -9.80% since the year began. Nevertheless, the stocks have risen 37.81% 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 $103.26, while 200 days put it at $95.07. A total of 0.67 million shares were traded, compared to the trading of 0.41 million shares in the previous session.
Levels Of Support And Resistance For IDCC Stock
The 24-hour chart illustrates a support level at 96.80, which if violated will result in even more drops to 95.69. On the upside, there is a resistance level at 98.69. A further resistance level may holdings at 99.47. The Relative Strength Index (RSI) on the 14-day chart is 44.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.46%. Stochastics %K at 45.17% indicates the stock is a holding.
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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.
