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Monitoring Qualcomm, Inc. (QCOM) after recent insider movements

Qualcomm, Inc.’s filing revealed 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 $11.73 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 $2.74 million.

The Benchmark Company initiated its Qualcomm, Inc. [QCOM] rating to a Buy in a research note published on April 23, 2024; the price target was $200. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who began to cover the stock in mid April with a ‘”an In-line”‘ rating. TD Cowen also remained covering QCOM and reiterated its “an Outperform” recommendation on February 01, 2024. Citigroup revised its rating on February 01, 2024. It rated QCOM as “a Neutral” which previously was an “a Buy”.

Price Performance Review of QCOM

On Monday, Qualcomm, Inc. [NASDAQ:QCOM] saw its stock jump 2.14% to $169.20. Over the last five days, the stock has gained 5.63%. Qualcomm, Inc. shares have risen nearly 16.99% since the year began. Nevertheless, the stocks have risen 48.53% 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 $165.84, while 200 days put it at $135.62. A total of 6.62 million shares were traded, compared to the trading of 7.14 million shares in the previous session.

Levels Of Support And Resistance For QCOM Stock

The 24-hour chart illustrates a support level at 166.51, which if violated will result in even more drops to 163.82. On the upside, there is a resistance level at 170.58. A further resistance level may holdings at 171.96. The Relative Strength Index (RSI) on the 14-day chart is 54.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.32%. Stochastics %K at 49.84% indicates the stock is a holding.

The most recent change occurred on January 23, 2024 when Cantor Fitzgerald began covering the stock and recommended ‘”a Neutral”‘ rating along with a $150 price target.

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