Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Interdigital Inc shares valued at $142,891 were sold by Pankaj Rajesh on Jan 06 ’25. At $204.13 per share, Pankaj Rajesh sold 700 shares. The insider’s holdings dropped to 52,997 shares worth approximately $9.1 million following the completion of this transaction.
Also, RAJESH K PANKAJ purchased 700 shares, netting a total of over 142,891 in proceeds.
Before that, Chen Lawrence Liren had sold 5,891 shares from its account. In a trade valued at $1,114,129, the President and CEO traded Interdigital Inc shares for $189.12 each. Upon closing the transaction, the insider’s holdings decreased to 5,891 shares, worth approximately $27.24 million.
As published in a research note from Jefferies on May 13, 2024, Interdigital Inc [IDCC] has been rated down from a Buy to a Hold and the price target has been revised to $100 from $106. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”an Underperform”‘ outlook in a report released in early April. Earlier on May 10, 2023, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for IDCC stock which previously was a “a Neutral”.
Analyzing IDCC Stock Performance
During the last five days, there has been a drop of approximately -10.01%. Over the course of the year, Interdigital Inc shares have dropped approximately -11.38%. Shares of the company reached a 52-week high of $207.08 on 01/06/25 and a 52-week low of $171.44 on 01/16/25. A 50-day SMA is recorded $189.04, while a 200-day SMA reached $140.42. Nevertheless, trading volume fell to 0.69 million shares from 0.43 million shares the previous day.
Support And Resistance Levels for Interdigital Inc (IDCC)
According to the 24-hour chart, there is a support level at 170.08, which, if violated, would cause prices to drop to 168.48. In the upper region, resistance lies at 174.64. The next price resistance is at 177.60. RSI (Relative Strength Index) is 32.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -14.18, which suggests the price will decrease in the coming days. Percent R is at 99.33%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
