Interdigital Inc’s recently made public that its President and CEO Chen Lawrence Liren unloaded Company’s shares for reported $1.15 million on Dec 18 ’24. In the deal valued at $195.34 per share,5,891 shares were sold. As a result of this transaction, Chen Lawrence Liren now holds 164,543 shares worth roughly $31.17 million.
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Then, LAWRENCE LIREN CHEN bought 5,891 shares, generating $1,150,761 in total proceeds.
Before that, Pankaj Rajesh sold 700 shares. Interdigital Inc shares valued at $140,007 were divested by the Chief Technology Officer at a price of $200.01 per share. As a result of the transaction, Pankaj Rajesh now holds 53,697 shares, worth roughly $10.17 million.
Jefferies downgraded its Interdigital Inc [IDCC] rating to a Hold from a a Buy in a research note published on May 13, 2024; the price target was decreased to $100 from $106. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early April from “a Buy” to “an Underperform”. BofA Securities revised its rating on May 10, 2023. It rated IDCC as “a Buy” which previously was an “a Neutral”.
Price Performance Review of IDCC
On Friday, Interdigital Inc [NASDAQ:IDCC] saw its stock jump 0.24% to $189.43. Over the last five days, the stock has lost -2.54%. Interdigital Inc shares have risen nearly 74.53% since the year began. Nevertheless, the stocks have risen 72.24% over the past one year. While a 52-week high of $203.90 was reached on 12/04/24, a 52-week low of $95.33 was recorded on 04/05/24. SMA at 50 days reached $177.32, while 200 days put it at $133.61.
Levels Of Support And Resistance For IDCC Stock
The 24-hour chart illustrates a support level at 187.50, which if violated will result in even more drops to 185.58. On the upside, there is a resistance level at 190.53. A further resistance level may holdings at 191.64. The Relative Strength Index (RSI) on the 14-day chart is 51.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.03%. Stochastics %K at 12.00% indicates the stock is a buying.
How much short interest is there in Interdigital Inc?
A steep rise in short interest was recorded in Interdigital Inc stocks on 2024-11-29, dropping by -0.87 million shares to a total of 2.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 3.65 million shares. There was a decline of -31.47%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 27, 2023 when William Blair began covering the stock and recommended ‘”an Outperform”‘ rating .
