KD Logo

A Guide To The Risks Of Investing In Interdigital Inc (IDCC)

In a filing, Interdigital Inc revealed its Director Armaly Samir unloaded Company’s shares for reported $0.21 million on Jun 11 ’24. In the deal valued at $115.28 per share,1,781 shares were sold. As a result of this transaction, Armaly Samir now holds 3,887 shares worth roughly $0.54 million.

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

Then, Lesaicherre Pierre-Yves sold 989 shares, generating $114,012 in total proceeds. Upon selling the shares at $115.28, the Director now owns 7,023 shares.

Before that, KRITZMACHER JOHN A sold 769 shares. Interdigital Inc shares valued at $88,650 were divested by the Director at a price of $115.28 per share. As a result of the transaction, KRITZMACHER JOHN A now holds 22,773 shares, worth roughly $3.16 million.

Jefferies downgraded its Interdigital Inc [IDCC] rating to a Hold from a a Buy in a research note published on May 13, 2024; the price target was decreased to $100 from $106. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early April from “a Buy” to “an Underperform”. BofA Securities revised its rating on May 10, 2023. It rated IDCC as “a Buy” which previously was an “a Neutral”.

Price Performance Review of IDCC

On Tuesday, Interdigital Inc [NASDAQ:IDCC] saw its stock jump 0.31% to $138.94. Over the last five days, the stock has gained 1.11%. Interdigital Inc shares have risen nearly 28.01% since the year began. Nevertheless, the stocks have risen 63.42% over the past one year. While a 52-week high of $140.60 was reached on 08/12/24, a 52-week low of $74.65 was recorded on 04/05/24. SMA at 50 days reached $122.47, while 200 days put it at $107.43.

Levels Of Support And Resistance For IDCC Stock

The 24-hour chart illustrates a support level at 138.00, which if violated will result in even more drops to 137.05. On the upside, there is a resistance level at 139.80. A further resistance level may holdings at 140.65. The Relative Strength Index (RSI) on the 14-day chart is 77.36, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.07, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.13%. Stochastics%K at 92.28% indicates the stock is a selling.

How much short interest is there in Interdigital Inc?

A steep rise in short interest was recorded in Interdigital Inc stocks on , growing by 0.33 million shares to a total of 4.98 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 4.65 million shares. There was a rise of 6.67%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on January 27, 2023 when William Blair began covering the stock and recommended ‘”an Outperform”‘ rating.

Most Popular