Qualcomm, Inc’s recently made public that its CFO & COO Palkhiwala Akash J. unloaded Company’s shares for reported $0.51 million on Feb 12 ’25. In the deal valued at $169.80 per share,3,000 shares were sold. As a result of this transaction, Palkhiwala Akash J. now holds 63,115 shares worth roughly $ 10.87 million.
Then, Akash Palkhiwala bought 3,000 shares, generating $510,870 in total proceeds.
Before that, ROGERS ALEXANDER H sold 19,287 shares. Qualcomm, Inc shares valued at $3,275,553 were divested by the President QTL & Global Affairs at a price of $169.83 per share. As a result of the transaction, ROGERS ALEXANDER H now holds 20,762 shares, worth roughly $3.58 million.
Barclays reiterated its Qualcomm, Inc [QCOM] rating to an Overweight in a research note published on January 17, 2025; the price target was $185. A number of analysts have revised their coverage, including Melius’s analysts, who began to cover the stock in early December with a ‘”a Hold”‘ rating. Loop Capital began covering QCOM with “Hold” recommendation on November 12, 2024. Citigroup maintained its rating on October 16, 2024. It rated QCOM as “a Neutral”.
Price Performance Review of QCOM
On Friday, Qualcomm, Inc [NASDAQ:QCOM] saw its stock jump 0.05% to $172.23. Over the last five days, the stock has gained 2.54%. Qualcomm, Inc shares have risen nearly 12.11% since the year began. Nevertheless, the stocks have risen 14.79% over the past one year. While a 52-week high of $230.63 was reached on 02/05/25, a 52-week low of $148.90 was recorded on 01/02/25. SMA at 50 days reached $163.32, while 200 days put it at $175.81.
Levels Of Support And Resistance For QCOM Stock
The 24-hour chart illustrates a support level at 171.24, which if violated will result in even more drops to 170.25. On the upside, there is a resistance level at 173.02. A further resistance level may holdings at 173.81. The Relative Strength Index (RSI) on the 14-day chart is 57.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.12%. Stochastics %K at 53.07% 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 2025-01-31, dropping by -6.15 million shares to a total of 18.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 25.06 million shares. There was a decline of -32.53%, which implies that there is a negative sentiment for the stock.
