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. Qualcomm, Inc shares valued at $491,910 were purchased by Akash Palkhiwala on Nov 14 ’24. At $163.97 per share, Akash Palkhiwala acquired 3,000 shares.
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Also, THOMPSON JAMES H sold 8,000 shares, netting a total of over 1,376,720 in proceeds. Following the sale of shares at $172.09 each, the insider now holds 211,321 shares.
Before that, JAMES H THOMPSON had added 8,000 shares to its account. In a trade valued at $1,376,720, the Officer bought Qualcomm, Inc shares for $172.09 each.
As published in their initiating research note from Loop Capital on November 12, 2024, Qualcomm, Inc [QCOM] has been a Hold and the price target has been revised to $180. Analysts at Citigroup resumed the stock at ‘”a Neutral”‘ outlook in a report released in mid October. As of October 08, 2024, KeyBanc Capital Markets has decreased its “an Overweight” rating to a “Sector weight” for QCOM. Earlier on August 12, 2024, Wolfe Research downgraded its rating. Their new recommendation was “a Peer perform” for QCOM stock which previously was a “an Outperform”.
Analyzing QCOM Stock Performance
During the last five days, there has been a drop of approximately -5.17%. Over the course of the year, Qualcomm, Inc shares have jumped approximately 13.37%. 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 $168.30, while a 200-day SMA reached $175.83. Nevertheless, trading volume fell to 7.0 million shares from 7.92 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 162.26, which, if violated, would cause prices to drop to 160.54. In the upper region, resistance lies at 165.30. The next price resistance is at 166.62. RSI (Relative Strength Index) is 44.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.10, which suggests the price will decrease in the coming days. Percent R is at 81.12%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
