Qualcomm, Inc.’s filing revealed 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 $-37.99 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 $9.16 million.
KeyBanc Capital Markets downgraded its Qualcomm, Inc. [QCOM] rating to a Sector weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in mid August from “an Outperform” to “a Peer perform”. DZ Bank also remained covering QCOM and has increased its forecast on August 02, 2024 with a “Buy” recommendation from previously “Hold” rating. HSBC Securities revised its rating on July 17, 2024. It rated QCOM as “a Hold” which previously was an “a Buy”.
Price Performance Review of QCOM
On Monday, Qualcomm, Inc. [NASDAQ:QCOM] saw its stock jump 4.74% to $178.04. Over the last five days, the stock has gained 6.65%. Qualcomm, Inc. shares have risen nearly 23.10% since the year began. Nevertheless, the stocks have risen 59.74% 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 $167.90, while 200 days put it at $173.05.
Levels Of Support And Resistance For QCOM Stock
The 24-hour chart illustrates a support level at 173.00, which if violated will result in even more drops to 167.97. On the upside, there is a resistance level at 180.97. A further resistance level may holdings at 183.91. The Relative Strength Index (RSI) on the 14-day chart is 61.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.67, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.46%. Stochastics %K at 62.34% 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 2024-09-30, growing by 3.28 million shares to a total of 25.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 22.4 million shares. There was a rise of 12.77%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 04, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $235.
