Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Interdigital Inc shares valued at $25,507 were sold by Schmidt Joshua D. on Nov 19 ’24. At $182.19 per share, Schmidt Joshua D. sold 140 shares. The insider’s holdings dropped to 24,138 shares worth approximately $4.74 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Pankaj Rajesh sold 700 shares, netting a total of over 115,262 in proceeds. Following the sale of shares at $164.66 each, the insider now holds 54,397 shares.
Before that, RAJESH K PANKAJ had added 700 shares to its account. In a trade valued at $115,262, the Officer bought Interdigital Inc shares for $164.66 each.
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 7.76%. Over the course of the year, Interdigital Inc shares have jumped approximately 80.97%. Shares of the company reached a 52-week high of $197.64 on 11/27/24 and a 52-week low of $95.33 on 04/05/24. A 50-day SMA is recorded $160.53, while a 200-day SMA reached $126.72. Nevertheless, trading volume fell to 0.28 million shares from 0.46 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 194.47, which, if violated, would cause prices to drop to 192.52. In the upper region, resistance lies at 198.01. The next price resistance is at 199.60. RSI (Relative Strength Index) is 79.52 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.58, which suggests the price will increase in the coming days. Percent R is at 6.54%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
