Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Qualcomm, Inc. shares valued at $494,850 were purchased by Akash Palkhiwala on Aug 08 ’24. At $164.95 per share, Akash Palkhiwala acquired 3,000 shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, JAMES H THOMPSON purchased 8,000 shares, netting a total of over 1,284,000 in proceeds.
Before that, THOMPSON JAMES H had sold 8,000 shares from its account. In a trade valued at $1,284,000, the Chief Technology Officer traded Qualcomm, Inc. shares for $160.50 each. Upon closing the transaction, the insider’s holdings decreased to 8,000 shares, worth approximately $37.94 million.
As published in a research note from DZ Bank on August 02, 2024, Qualcomm, Inc. [QCOM] has been rated up from a Hold to a Buy and the price target has been revised to $210. Analysts at HSBC Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid July. As of June 04, 2024, TD Cowen has reiterated its “Buy” rating for QCOM. Earlier on May 31, 2024, BofA Securities resumed its rating. Their recommendation was “a Buy” for QCOM stock.
Analyzing QCOM Stock Performance
During the last five days, there has been a surge of approximately 0.58%. Over the course of the year, Qualcomm, Inc. shares have jumped approximately 14.05%. 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 $196.58, while a 200-day SMA reached $163.52. Nevertheless, trading volume fell to 9.48 million shares from 9.27 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 160.02, which, if violated, would cause prices to drop to 155.08. In the upper region, resistance lies at 167.74. The next price resistance is at 170.52. RSI (Relative Strength Index) is 39.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -12.39, which suggests the price will decrease in the coming days. Percent R is at 69.77%, indicating low price movement. Stochastics%K at buying indicates that the stock is to be held.
