Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Qualcomm, Inc shares valued at $7,111,584 were purchased by THOMPSON JAMES H on Mar 05 ’25. At $153.35 per share, THOMPSON JAMES H acquired 46,375 shares.
Also, Palkhiwala Akash J. sold 3,337 shares, netting a total of over 523,292 in proceeds. Following the sale of shares at $156.82 each, the insider now holds 59,778 shares.
Before that, AKASH PALKHIWALA had added 3,337 shares to its account. In a trade valued at $512,630, the Chief Financial Officer bought Qualcomm, Inc shares for $153.62 each.
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 drop of approximately -2.23%. Over the course of the year, Qualcomm, Inc shares have jumped approximately 3.17%. Shares of the company reached a 52-week high of $177.00 on 02/05/25 and a 52-week low of $151.35 on 03/04/25. A 50-day SMA is recorded $164.16, while a 200-day SMA reached $174.75.
Support And Resistance Levels for Qualcomm, Inc (QCOM)
According to the 24-hour chart, there is a support level at 154.63, which, if violated, would cause prices to drop to 150.77. In the upper region, resistance lies at 160.75. The next price resistance is at 163.01. RSI (Relative Strength Index) is 42.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -8.40, which suggests the price will decrease in the coming days. Percent R is at 71.61%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
