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Examining the Potential Price Growth of Qualcomm, Inc (QCOM)

Qualcomm, Inc’s recently made public that its General Counsel&Corp Secretary CHAPLIN ANN C unloaded Company’s shares for reported $0.41 million on Dec 16 ’24. In the deal valued at $158.12 per share,2,587 shares were sold. As a result of this transaction, CHAPLIN ANN C now holds 19,739 shares worth roughly $3.12 million.

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Then, ANN CHAPLIN bought 2,587 shares, generating $409,056 in total proceeds.

Before that, CHAPLIN ANN C sold 7,717 shares. Qualcomm, Inc shares valued at $1,239,288 were divested by the General Counsel&Corp Secretary at a price of $160.59 per share. As a result of the transaction, CHAPLIN ANN C now holds 17,153 shares, worth roughly $2.71 million.

Melius initiated its Qualcomm, Inc [QCOM] rating to a Hold in a research note published on December 09, 2024; the price target was $180. A number of analysts have revised their coverage, including Loop Capital’s analysts, who began to cover the stock in mid November with a ‘”a Hold”‘ rating. Citigroup also remained covering QCOM and reiterated its “Neutral” recommendation on October 16, 2024. KeyBanc Capital Markets revised its rating on October 08, 2024. It rated QCOM as “a Sector weight” which previously was an “an Overweight”.

Price Performance Review of QCOM

On Monday, Qualcomm, Inc [NASDAQ:QCOM] saw its stock fall -0.40% to $157.89. Over the last five days, the stock has lost -1.77%. Qualcomm, Inc shares have risen nearly 9.17% since the year began. Nevertheless, the stocks have risen 11.58% over the past one year. While a 52-week high of $230.63 was reached on 06/18/24, a 52-week low of $134.94 was recorded on 01/04/24. SMA at 50 days reached $165.00, while 200 days put it at $176.63.

Levels Of Support And Resistance For QCOM Stock

The 24-hour chart illustrates a support level at 155.04, which if violated will result in even more drops to 152.18. On the upside, there is a resistance level at 159.73. A further resistance level may holdings at 161.56. The Relative Strength Index (RSI) on the 14-day chart is 44.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.75%. Stochastics %K at 37.96% indicates the stock is a holding.

How much short interest is there in Qualcomm, Inc?

A steep rise in short interest was recorded in Qualcomm, Inc stocks on 2024-11-29, growing by 0.33 million shares to a total of 23.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 23.34 million shares. There was a rise of 1.39%, which implies that there is a positive sentiment for the stock.

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