Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $36.51 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 $8.8 million.
As published in a research note from Citigroup on October 16, 2024, Qualcomm, Inc. [QCOM] has been retained to a Neutral and the price target has been revised to $185. Analysts at KeyBanc Capital Markets downgraded the stock from ‘”an Overweight”‘ to ‘”a Sector weight”‘ outlook in a report released in early October. As of August 12, 2024, Wolfe Research has decreased its “an Outperform” rating to a “Peer perform” for QCOM. Earlier on August 02, 2024, DZ Bank upgraded its rating. Their new recommendation was “a Buy” for QCOM stock which previously was a “a Hold”.
Analyzing QCOM Stock Performance
During the last five days, there has been a surge of approximately 1.53%. Over the course of the year, Qualcomm, Inc. shares have jumped approximately 18.30%. 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 $168.78, while a 200-day SMA reached $173.48. Nevertheless, trading volume fell to 6.07 million shares from 6.5 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 169.54, which, if violated, would cause prices to drop to 167.98. In the upper region, resistance lies at 174.14. The next price resistance is at 177.17. RSI (Relative Strength Index) is 51.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.32, which suggests the price will increase in the coming days. Percent R is at 53.97%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
