Qualcomm, Inc’s recently made public that its General Counsel&Corp Secretary CHAPLIN ANN C unloaded Company’s shares for reported $0.31 million on Nov 04 ’24. In the deal valued at $165.06 per share,1,901 shares were sold. As a result of this transaction, CHAPLIN ANN C now holds 12,007 shares worth roughly $1.98 million.
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Then, ANN CHAPLIN bought 1,901 shares, generating $313,779 in total proceeds.
Before that, THOMPSON JAMES H sold 8,000 shares. Qualcomm, Inc shares valued at $1,358,400 were divested by the Chief Technology Officer at a price of $169.80 per share. As a result of the transaction, THOMPSON JAMES H now holds 213,364 shares, worth roughly $35.24 million.
Citigroup reiterated its Qualcomm, Inc [QCOM] rating to a Neutral in a research note published on October 16, 2024; the price target was $185. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who decreased its forecast for the stock in early October from “an Overweight” to “a Sector weight”. Wolfe Research also remained covering QCOM and has decreased its forecast on August 12, 2024 with a “Peer perform” recommendation from previously “an Outperform” rating. DZ Bank revised its rating on August 02, 2024. It rated QCOM as “a Buy” which previously was an “a Hold”.
Price Performance Review of QCOM
On Monday, Qualcomm, Inc [NASDAQ:QCOM] saw its stock fall -0.05% to $165.18. Over the last five days, the stock has lost -4.09%. Qualcomm, Inc shares have risen nearly 14.21% since the year began. Nevertheless, the stocks have risen 40.75% over the past one year. While a 52-week high of $230.63 was reached on 06/18/24, a 52-week low of $114.45 was recorded on 01/04/24. SMA at 50 days reached $168.57, while 200 days put it at $175.19.
Levels Of Support And Resistance For QCOM Stock
The 24-hour chart illustrates a support level at 163.38, which if violated will result in even more drops to 161.57. On the upside, there is a resistance level at 167.24. A further resistance level may holdings at 169.30. The Relative Strength Index (RSI) on the 14-day chart is 45.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.61%. Stochastics %K at 14.42% indicates the stock is a buying.
How much short interest is there in Qualcomm, Inc?
A steep rise in short interest was recorded in Qualcomm, Inc stocks on 2024-10-15, growing by 1.22 million shares to a total of 25.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 23.81 million shares. There was a rise of 4.88%, which implies that there is a positive sentiment for the stock.
