Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Qualcomm, Inc shares valued at $463,851 were sold by Palkhiwala Akash J. on Jan 02 ’25. At $154.62 per share, Palkhiwala Akash J. sold 3,000 shares. The insider’s holdings dropped to 66,021 shares worth approximately $11.61 million following the completion of this transaction.
Also, Akash Palkhiwala purchased 3,000 shares, netting a total of over 460,920 in proceeds.
Before that, CHAPLIN ANN C had sold 2,587 shares from its account. In a trade valued at $409,056, the General Counsel&Corp Secretary traded Qualcomm, Inc shares for $158.12 each. Upon closing the transaction, the insider’s holdings decreased to 2,587 shares, worth approximately $3.47 million.
As published in a research note from Barclays on January 17, 2025, Qualcomm, Inc [QCOM] has been retained to an Overweight and the price target has been revised to $185. Analysts at Melius started covering the stock with ‘”a Hold”‘ outlook in a report released in early December. As of November 12, 2024, Loop Capital has initiated its “Hold” rating for QCOM. Earlier on October 16, 2024, Citigroup resumed its rating. Their recommendation was “a Neutral” for QCOM stock.
Analyzing QCOM Stock Performance
During the last five days, there has been a surge of approximately 2.42%. Over the course of the year, Qualcomm, Inc shares have jumped approximately 14.48%. Shares of the company reached a 52-week high of $177.00 on 02/05/25 and a 52-week low of $152.79 on 01/02/25. A 50-day SMA is recorded $161.53, while a 200-day SMA reached $175.54. Nevertheless, trading volume fell to 13.96 million shares from 5.46 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 171.51, which, if violated, would cause prices to drop to 167.16. In the upper region, resistance lies at 178.61. The next price resistance is at 181.35. RSI (Relative Strength Index) is 66.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.45, which suggests the price will increase in the coming days. Percent R is at 7.25%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
