Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Qualcomm, Inc. shares valued at $1,358,400 were sold by THOMPSON JAMES H on Oct 01 ’24. At $169.80 per share, THOMPSON JAMES H sold 8,000 shares. The insider’s holdings dropped to 213,364 shares worth approximately $36.04 million following the completion of this transaction.
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Also, ROGERS ALEXANDER H sold 3,245 shares, netting a total of over 539,157 in proceeds. Following the sale of shares at $166.15 each, the insider now holds 32,231 shares.
Before that, Palkhiwala Akash J. had sold 3,000 shares from its account. In a trade valued at $497,848, the CFO & COO traded Qualcomm, Inc. shares for $165.95 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $8.69 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 -2.17%. Over the course of the year, Qualcomm, Inc. shares have jumped approximately 16.79%. 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 $168.23, while a 200-day SMA reached $172.12. Nevertheless, trading volume fell to 6.24 million shares from 4.48 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 166.54, which, if violated, would cause prices to drop to 164.17. In the upper region, resistance lies at 170.41. The next price resistance is at 171.91. RSI (Relative Strength Index) is 49.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.15, which suggests the price will decrease in the coming days. Percent R is at 60.57%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
