Qualcomm, Inc.’s recent filing unveils that 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 $11.11 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 $2.59 million.
Evercore ISI initiated its Qualcomm, Inc. [QCOM] rating to an In-line in a research note published on April 16, 2024; the price target was $177. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early February has reiterated a ‘”an Outperform”‘ rating for it. Citigroup also remained covering QCOM and has decreased its forecast on February 01, 2024 with a “Neutral” recommendation from previously “Buy” rating. Cantor Fitzgerald started covering the stock on January 23, 2024. It rated QCOM as “a Neutral”.
Price Performance Review of QCOM
On Monday, Qualcomm, Inc. [NASDAQ:QCOM] saw its stock jump 1.62% to $160.18. Over the last five days, the stock has lost -5.69%. Qualcomm, Inc. shares have risen nearly 10.75% since the year began. Nevertheless, the stocks have risen 35.01% 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 $164.66, while 200 days put it at $134.46. A total of 7.59 million shares were traded, compared to the trading of 10.29 million shares in the previous session.
Levels Of Support And Resistance For QCOM Stock
The 24-hour chart illustrates a support level at 157.68, which if violated will result in even more drops to 155.18. On the upside, there is a resistance level at 162.16. A further resistance level may holdings at 164.14. The Relative Strength Index (RSI) on the 14-day chart is 40.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.46%. Stochastics %K at 11.97% indicates the stock is a buying.
