Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Interdigital Inc shares valued at $115,262 were sold by Pankaj Rajesh on Nov 05 ’24. At $164.66 per share, Pankaj Rajesh sold 700 shares. The insider’s holdings dropped to 54,397 shares worth approximately $10.03 million following the completion of this transaction.
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Also, RAJESH K PANKAJ purchased 700 shares, netting a total of over 115,262 in proceeds.
Before that, Pankaj Rajesh had sold 700 shares from its account. In a trade valued at $99,946, the Chief Technology Officer traded Interdigital Inc shares for $142.78 each. Upon closing the transaction, the insider’s holdings decreased to 700 shares, worth approximately $10.14 million.
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 4.02%. Over the course of the year, Interdigital Inc shares have jumped approximately 69.91%. Shares of the company reached a 52-week high of $191.57 on 11/13/24 and a 52-week low of $95.33 on 04/05/24. A 50-day SMA is recorded $149.80, while a 200-day SMA reached $122.55. Nevertheless, trading volume fell to 0.5 million shares from 0.4 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 181.53, which, if violated, would cause prices to drop to 178.64. In the upper region, resistance lies at 189.44. The next price resistance is at 194.45. RSI (Relative Strength Index) is 75.83 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 19.79, which suggests the price will increase in the coming days. Percent R is at 15.17%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
