Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Qualcomm, Inc shares valued at $202,120 were sold by MARTIN NEIL on Nov 21 ’24. At $155.00 per share, MARTIN NEIL sold 1,304 shares. The insider’s holdings dropped to 94 shares worth approximately $14613.240000000002 following the completion of this transaction.
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Also, NEIL A MARTIN purchased 1,304 shares, netting a total of over 202,120 in proceeds.
Before that, Palkhiwala Akash J. had sold 3,000 shares from its account. In a trade valued at $491,349, the CFO & COO traded Qualcomm, Inc shares for $163.78 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $8.05 million.
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 -5.19%. Over the course of the year, Qualcomm, Inc shares have jumped approximately 7.49%. 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 $168.04, while a 200-day SMA reached $176.25. Nevertheless, trading volume fell to 10.68 million shares from 14.48 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 153.72, which, if violated, would cause prices to drop to 151.98. In the upper region, resistance lies at 157.07. The next price resistance is at 158.68. RSI (Relative Strength Index) is 38.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.38, which suggests the price will decrease in the coming days. Percent R is at 91.39%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
