The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Interdigital Inc shares valued at $99,946 were sold by Pankaj Rajesh on Oct 07 ’24. At $142.78 per share, Pankaj Rajesh sold 700 shares. The insider’s holdings dropped to 54,984 shares worth approximately $8.27 million following the completion of this transaction.
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Also, KRITZMACHER JOHN A sold 2,500 shares, netting a total of over 346,800 in proceeds. Following the sale of shares at $138.72 each, the insider now holds 20,279 shares.
Before that, JOHN KRITZMACHER had added 2,500 shares to its account. In a trade valued at $346,792, the Director bought Interdigital Inc shares for $138.72 each.
As published in a research note from Jefferies on May 13, 2024, Interdigital Inc [IDCC] has been rated down from a Buy to a Hold and the price target has been revised to $100 from $106. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”an Underperform”‘ outlook in a report released in early April. Earlier on May 10, 2023, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for IDCC stock which previously was a “a Neutral”.
Analyzing IDCC Stock Performance
During the last five days, there has been a surge of approximately 2.10%. Over the course of the year, Interdigital Inc shares have jumped approximately 38.60%. Shares of the company reached a 52-week high of $164.32 on 10/31/24 and a 52-week low of $95.33 on 04/05/24. A 50-day SMA is recorded $142.14, while a 200-day SMA reached $119.32. Nevertheless, trading volume fell to 0.78 million shares from 0.42 million shares the previous day.
Support And Resistance Levels for Interdigital Inc (IDCC)
According to the 24-hour chart, there is a support level at 142.38, which, if violated, would cause prices to drop to 134.32. In the upper region, resistance lies at 161.41. The next price resistance is at 172.38. RSI (Relative Strength Index) is 55.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.37, which suggests the price will decrease in the coming days. Percent R is at 69.89%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
