Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Qualcomm, Inc shares valued at $409,056 were sold by CHAPLIN ANN C on Dec 16 ’24. At $158.12 per share, CHAPLIN ANN C sold 2,587 shares. The insider’s holdings dropped to 19,739 shares worth approximately $3.15 million following the completion of this transaction.
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Also, ANN CHAPLIN purchased 2,587 shares, netting a total of over 409,056 in proceeds.
Before that, CHAPLIN ANN C had sold 7,717 shares from its account. In a trade valued at $1,239,288, the General Counsel&Corp Secretary traded Qualcomm, Inc shares for $160.59 each. Upon closing the transaction, the insider’s holdings decreased to 7,717 shares, worth approximately $2.73 million.
As published in their initiating research note from Melius on December 09, 2024, Qualcomm, Inc [QCOM] has been a Hold and the price target has been revised to $180. Analysts at Loop Capital started covering the stock with ‘”a Hold”‘ outlook in a report released in mid November. As of October 16, 2024, Citigroup has reiterated its “Neutral” rating for QCOM. Earlier on October 08, 2024, KeyBanc Capital Markets downgraded its rating. Their new recommendation was “a Sector weight” for QCOM stock which previously was a “an Overweight”.
Analyzing QCOM Stock Performance
During the last five days, there has been a surge of approximately 0.68%. Over the course of the year, Qualcomm, Inc shares have jumped approximately 9.94%. 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 $163.24, while a 200-day SMA reached $176.23. Nevertheless, trading volume fell to 2.84 million shares from 8.13 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 158.13, which, if violated, would cause prices to drop to 156.91. In the upper region, resistance lies at 159.99. The next price resistance is at 160.63. RSI (Relative Strength Index) is 49.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.56, which suggests the price will decrease in the coming days. Percent R is at 33.89%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
