Qualcomm, Inc.’s recent filing unveils that its CFO & COO Palkhiwala Akash J. unloaded Company’s shares for reported $0.49 million on Aug 08 ’24. In the deal valued at $162.89 per share,3,000 shares were sold. As a result of this transaction, Palkhiwala Akash J. now holds 57,437 shares worth roughly $10.01 million.
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Then, THOMPSON JAMES H sold 4,539 shares, generating $746,212 in total proceeds. Upon selling the shares at $164.40, the Chief Technology Officer now owns 0 shares.
Before that, Akash Palkhiwala bought 3,000 shares. Qualcomm, Inc. shares valued at $494,850 were divested by the Chief Financial Officer at a price of $164.95 per share.
Wolfe Research downgraded its Qualcomm, Inc. [QCOM] rating to a Peer perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including DZ Bank’s analysts, who increased its forecast for the stock in early August from “a Hold” to “a Buy”. HSBC Securities also remained covering QCOM and has decreased its forecast on July 17, 2024 with a “Hold” recommendation from previously “Buy” rating. TD Cowen maintained its rating on June 04, 2024. It rated QCOM as “a Buy”.
Price Performance Review of QCOM
On Monday, Qualcomm, Inc. [NASDAQ:QCOM] saw its stock jump 1.21% to $174.26. Over the last five days, the stock has gained 6.98%. Qualcomm, Inc. shares have risen nearly 20.49% since the year began. Nevertheless, the stocks have risen 58.30% over the past one year. While a 52-week high of $230.63 was reached on 06/18/24, a 52-week low of $104.33 was recorded on 01/04/24. SMA at 50 days reached $191.28, while 200 days put it at $165.68.
Levels Of Support And Resistance For QCOM Stock
The 24-hour chart illustrates a support level at 170.56, which if violated will result in even more drops to 166.86. On the upside, there is a resistance level at 176.14. A further resistance level may holdings at 178.02. The Relative Strength Index (RSI) on the 14-day chart is 48.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.13, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.97%. Stochastics%K at 72.43% indicates the stock is a holding.
How much short interest is there in Qualcomm, Inc.?
A steep rise in short interest was recorded in Qualcomm, Inc. stocks on 2024-07-31, growing by 2.37 million shares to a total of 30.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 27.85 million shares. There was a rise of 7.85%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 31, 2024 when BofA Securities resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $245.
