Interdigital Inc’s filing revealed that its Chief Technology Officer Pankaj Rajesh unloaded Company’s shares for reported $99946.0 on Oct 07 ’24. In the deal valued at $142.78 per share,700 shares were sold. As a result of this transaction, Pankaj Rajesh now holds 54,984 shares worth roughly $8.45 million.
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Then, KRITZMACHER JOHN A sold 2,500 shares, generating $346,800 in total proceeds. Upon selling the shares at $138.72, the Director now owns 20,279 shares.
Before that, JOHN KRITZMACHER bought 2,500 shares. Interdigital Inc shares valued at $346,792 were divested by the Director at a price of $138.72 per share.
Jefferies downgraded its Interdigital Inc [IDCC] rating to a Hold from a a Buy in a research note published on May 13, 2024; the price target was decreased to $100 from $106. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early April from “a Buy” to “an Underperform”. BofA Securities revised its rating on May 10, 2023. It rated IDCC as “a Buy” which previously was an “a Neutral”.
Price Performance Review of IDCC
On Tuesday, Interdigital Inc [NASDAQ:IDCC] saw its stock fall -1.35% to $153.75. Over the last five days, the stock has gained 5.24%. Interdigital Inc shares have risen nearly 41.65% since the year began. Nevertheless, the stocks have risen 91.95% over the past one year. While a 52-week high of $156.99 was reached on 10/14/24, a 52-week low of $74.65 was recorded on 04/05/24. SMA at 50 days reached $138.76, while 200 days put it at $116.53.
Levels Of Support And Resistance For IDCC Stock
The 24-hour chart illustrates a support level at 152.07, which if violated will result in even more drops to 150.40. On the upside, there is a resistance level at 155.92. A further resistance level may holdings at 158.10. The Relative Strength Index (RSI) on the 14-day chart is 74.78, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.58, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.21%. Stochastics %K at 92.19% indicates the stock is a selling.
How much short interest is there in Interdigital Inc?
A steep rise in short interest was recorded in Interdigital Inc stocks on 2024-09-30, dropping by -0.49 million shares to a total of 3.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.4 million shares. There was a decline of -12.59%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 27, 2023 when William Blair began covering the stock and recommended ‘”an Outperform”‘ rating .
