Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Qualcomm, Inc shares valued at $481,170 were purchased by Akash Palkhiwala on Dec 05 ’24. At $160.39 per share, Akash Palkhiwala acquired 3,000 shares.
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Also, MARTIN NEIL sold 1,304 shares, netting a total of over 202,120 in proceeds. Following the sale of shares at $155.00 each, the insider now holds 94 shares.
Before that, NEIL A MARTIN had added 1,304 shares to its account. In a trade valued at $202,120, the Officer bought Qualcomm, Inc shares for $155.00 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 surge of approximately 2.55%. Over the course of the year, Qualcomm, Inc shares have jumped approximately 10.90%. 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 $166.47, while a 200-day SMA reached $176.58. Nevertheless, trading volume fell to 7.27 million shares from 0.37 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 158.73, which, if violated, would cause prices to drop to 157.07. In the upper region, resistance lies at 163.25. The next price resistance is at 166.11. RSI (Relative Strength Index) is 46.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.37, which suggests the price will increase in the coming days. Percent R is at 43.98%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
