Qualcomm, Inc.’s recent filing unveils that its Chief Technology Officer THOMPSON JAMES H unloaded Company’s shares for reported $1.46 million on May 03 ’24. In the deal valued at $182.00 per share,8,000 shares were sold. As a result of this transaction, THOMPSON JAMES H now holds 253,893 shares worth roughly $46.17 million.
Then, ACEVEDO SYLVIA sold 2,056 shares, generating $366,400 in total proceeds. Upon selling the shares at $178.21, the Director now owns 54 shares.
Before that, Palkhiwala Akash J. sold 3,000 shares. Qualcomm, Inc. shares valued at $520,480 were divested by the CFO & COO at a price of $173.49 per share. As a result of the transaction, Palkhiwala Akash J. now holds 69,343 shares, worth roughly $12.61 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 1.23% to $181.85. Over the last five days, the stock has gained 7.48%. Qualcomm, Inc. shares have risen nearly 25.73% since the year began. Nevertheless, the stocks have risen 70.62% over the past one year. While a 52-week high of $183.19 was reached on 05/03/24, a 52-week low of $101.47 was recorded on 01/04/24. SMA at 50 days reached $167.94, while 200 days put it at $136.91. A total of 6.66 million shares were traded, compared to the trading of 10.04 million shares in the previous session.
Levels Of Support And Resistance For QCOM Stock
The 24-hour chart illustrates a support level at 180.70, which if violated will result in even more drops to 179.55. On the upside, there is a resistance level at 182.70. A further resistance level may holdings at 183.55. The Relative Strength Index (RSI) on the 14-day chart is 65.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 13.51, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.99%. Stochastics %K at 91.84% indicates the stock is a selling.
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.
