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 $126,224 were sold by MARTIN NEIL on Sep 05 ’24. At $163.08 per share, MARTIN NEIL sold 774 shares. The insider’s holdings dropped to 94 shares worth approximately $16230.039999999999 following the completion of this transaction.
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Also, NEIL A MARTIN purchased 774 shares, netting a total of over 126,224 in proceeds.
Before that, Palkhiwala Akash J. had sold 3,000 shares from its account. In a trade valued at $497,980, the CFO & COO traded Qualcomm, Inc. shares for $165.99 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $9.4 million.
As published in a research note from Wolfe Research on August 12, 2024, Qualcomm, Inc. [QCOM] has been rated down from an Outperform to a Peer perform. Analysts at DZ Bank upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early August. As of July 17, 2024, HSBC Securities has decreased its “Buy” rating to a “Hold” for QCOM. Earlier on June 04, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for QCOM stock.
Analyzing QCOM Stock Performance
During the last five days, there has been a drop of approximately -0.72%. Over the course of the year, Qualcomm, Inc. shares have jumped approximately 19.38%. 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 $170.30, while a 200-day SMA reached $171.38. Nevertheless, trading volume fell to 8.46 million shares from 5.1 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 167.71, which, if violated, would cause prices to drop to 162.76. In the upper region, resistance lies at 176.68. The next price resistance is at 180.70. RSI (Relative Strength Index) is 54.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.01, which suggests the price will increase in the coming days. Percent R is at 21.65%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
