Qualcomm, Inc.’s recent filing unveils that its Chief Technology Officer THOMPSON JAMES H unloaded Company’s shares for reported $1.36 million on Oct 01 ’24. In the deal valued at $169.80 per share,8,000 shares were sold. As a result of this transaction, THOMPSON JAMES H now holds 213,364 shares worth roughly $35.62 million.
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Then, ROGERS ALEXANDER H sold 3,245 shares, generating $539,157 in total proceeds. Upon selling the shares at $166.15, the President QTL & Global Affairs now owns 32,231 shares.
Before that, Palkhiwala Akash J. sold 3,000 shares. Qualcomm, Inc. shares valued at $497,848 were divested by the CFO & COO at a price of $165.95 per share. As a result of the transaction, Palkhiwala Akash J. now holds 51,437 shares, worth roughly $8.59 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 -1.16% to $166.94. Over the last five days, the stock has lost -1.83%. Qualcomm, Inc. shares have risen nearly 15.43% since the year began. Nevertheless, the stocks have risen 52.04% 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 $167.84, while 200 days put it at $172.37.
Levels Of Support And Resistance For QCOM Stock
The 24-hour chart illustrates a support level at 165.54, which if violated will result in even more drops to 164.15. On the upside, there is a resistance level at 168.53. A further resistance level may holdings at 170.12. The Relative Strength Index (RSI) on the 14-day chart is 47.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.52%. Stochastics %K at 33.27% 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.
