Qualcomm, Inc’s recently made public that its CFO & COO Palkhiwala Akash J. unloaded Company’s shares for reported $0.46 million on Jan 02 ’25. In the deal valued at $154.62 per share,3,000 shares were sold. As a result of this transaction, Palkhiwala Akash J. now holds 66,021 shares worth roughly $10.37 million.
Then, Akash Palkhiwala bought 3,000 shares, generating $460,920 in total proceeds.
Before that, CHAPLIN ANN C sold 2,587 shares. Qualcomm, Inc shares valued at $409,056 were divested by the General Counsel&Corp Secretary at a price of $158.12 per share. As a result of the transaction, CHAPLIN ANN C now holds 19,739 shares, worth roughly $3.1 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 jump 0.10% to $157.13. Over the last five days, the stock has lost -0.44%. Qualcomm, Inc shares have risen nearly 2.28% since the year began. Nevertheless, the stocks have risen 12.79% over the past one year. While a 52-week high of $230.63 was reached on 01/06/25, a 52-week low of $136.03 was recorded on 01/02/25. SMA at 50 days reached $160.16, while 200 days put it at $175.61.
Levels Of Support And Resistance For QCOM Stock
The 24-hour chart illustrates a support level at 155.50, which if violated will result in even more drops to 153.86. On the upside, there is a resistance level at 158.07. A further resistance level may holdings at 159.00. The Relative Strength Index (RSI) on the 14-day chart is 47.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.59%. Stochastics %K at 51.11% 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 2024-12-13, dropping by -0.22 million shares to a total of 22.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 23.1 million shares. There was a decline of -0.96%, which implies that there is a negative sentiment for the stock.
