Qualcomm, Inc’s recent filing unveils that its CFO & COO Palkhiwala Akash J. unloaded Company’s shares for reported $0.49 million on Nov 14 ’24. In the deal valued at $163.78 per share,3,000 shares were sold. As a result of this transaction, Palkhiwala Akash J. now holds 51,778 shares worth roughly $8.52 million.
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Then, Akash Palkhiwala bought 3,000 shares, generating $491,910 in total proceeds.
Before that, THOMPSON JAMES H sold 8,000 shares. Qualcomm, Inc shares valued at $1,376,720 were divested by the Chief Technology Officer at a price of $172.09 per share. As a result of the transaction, THOMPSON JAMES H now holds 211,321 shares, worth roughly $34.76 million.
Loop Capital initiated its Qualcomm, Inc [QCOM] rating to a Hold in a research note published on November 12, 2024; the price target was $180. A number of analysts have revised their coverage, including Citigroup’s analysts, who remained covering the stock and in mid October has reiterated a ‘”a Neutral”‘ rating for it. KeyBanc Capital Markets also remained covering QCOM and has decreased its forecast on October 08, 2024 with a “Sector weight” recommendation from previously “an Overweight” rating. Wolfe Research revised its rating on August 12, 2024. It rated QCOM as “a Peer perform” which previously was an “an Outperform”.
Price Performance Review of QCOM
On Monday, Qualcomm, Inc [NASDAQ:QCOM] saw its stock jump 2.49% to $164.50. Over the last five days, the stock has lost -2.25%. Qualcomm, Inc shares have risen nearly 13.74% since the year began. Nevertheless, the stocks have risen 27.82% over the past one year. While a 52-week high of $230.63 was reached on 06/18/24, a 52-week low of $125.67 was recorded on 01/04/24. SMA at 50 days reached $168.42, while 200 days put it at $176.04.
Levels Of Support And Resistance For QCOM Stock
The 24-hour chart illustrates a support level at 162.62, which if violated will result in even more drops to 160.74. On the upside, there is a resistance level at 165.76. A further resistance level may holdings at 167.02. The Relative Strength Index (RSI) on the 14-day chart is 46.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.22%. Stochastics %K at 14.89% 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 2024-10-31, dropping by -2.34 million shares to a total of 23.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 25.68 million shares. There was a decline of -10.02%, which implies that there is a negative sentiment for the stock.
