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QCOM Stock Sees Surge of Approximately 3.23% in Last Five Days

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Qualcomm, Inc. shares valued at $1,595,760 were sold by THOMPSON JAMES H on Jul 01 ’24. At $199.47 per share, THOMPSON JAMES H sold 8,000 shares. The insider’s holdings dropped to 237,893 shares worth approximately $48.46 million following the completion of this transaction.

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Also, THOMPSON JAMES H sold 8,000 shares, netting a total of over 1,676,880 in proceeds. Following the sale of shares at $209.61 each, the insider now holds 245,893 shares.

Before that, Palkhiwala Akash J. had sold 3,000 shares from its account. In a trade valued at $617,299, the CFO & COO traded Qualcomm, Inc. shares for $205.77 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $12.9 million.

As published in a research note from TD Cowen on June 04, 2024, Qualcomm, Inc. [QCOM] has been retained to a Buy and the price target has been revised to $235. Analysts at BofA Securities resumed the stock at ‘”a Buy”‘ outlook in a report released in late May. As of April 23, 2024, The Benchmark Company has initiated its “Buy” rating for QCOM. Earlier on April 16, 2024, Evercore ISI initiated its rating. Their recommendation was “an In-line” for QCOM stock.

Analyzing QCOM Stock Performance

During the last five days, there has been a surge of approximately 3.23%. Over the course of the year, Qualcomm, Inc. shares have jumped approximately 40.84%. Shares of the company reached a 52-week high of $230.63 on 06/18/24 and a 52-week low of $134.94 on 01/04/24. A 50-day SMA is recorded $195.95, while a 200-day SMA reached $154.17. Nevertheless, trading volume fell to 5.0 million shares from 5.63 million shares the previous day.

Support And Resistance Levels for Qualcomm, Inc. (QCOM)

According to the 24-hour chart, there is a support level at 201.21, which, if violated, would cause prices to drop to 198.62. In the upper region, resistance lies at 205.63. The next price resistance is at 207.46. RSI (Relative Strength Index) is 50.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.46, which suggests the price will decrease in the coming days. Percent R is at 72.90%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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