Qualcomm, Inc.’s recently made public that its SVP, Finance and CAO MARTIN NEIL unloaded Company’s shares for reported $0.13 million on Sep 05 ’24. In the deal valued at $163.08 per share,774 shares were sold. As a result of this transaction, MARTIN NEIL now holds 94 shares worth roughly $15984.7.
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Then, NEIL A MARTIN bought 774 shares, generating $126,224 in total proceeds.
Before that, Palkhiwala Akash J. sold 3,000 shares. Qualcomm, Inc. shares valued at $497,980 were divested by the CFO & COO at a price of $165.99 per share. As a result of the transaction, Palkhiwala Akash J. now holds 54,437 shares, worth roughly $9.26 million.
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 fall -0.05% to $170.05. Over the last five days, the stock has gained 2.46%. Qualcomm, Inc. shares have risen nearly 17.58% since the year began. Nevertheless, the stocks have risen 53.06% 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 $169.55, while 200 days put it at $171.72.
Levels Of Support And Resistance For QCOM Stock
The 24-hour chart illustrates a support level at 167.79, which if violated will result in even more drops to 165.53. On the upside, there is a resistance level at 172.27. A further resistance level may holdings at 174.49. The Relative Strength Index (RSI) on the 14-day chart is 51.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.39, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 38.46%. Stochastics %K at 68.33% 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 2024-09-13, dropping by -6.32 million shares to a total of 23.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 30.13 million shares. There was a decline of -26.52%, which implies that there is a negative 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.
