The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Qualcomm, Inc shares valued at $91,442 were sold by Palkhiwala Akash J. on Apr 09 ’25. At $141.11 per share, Palkhiwala Akash J. sold 648 shares. The insider’s holdings dropped to 56,445 shares worth approximately $7.59 million following the completion of this transaction.
Also, Palkhiwala Akash J. sold 635 shares, netting a total of over 84,633 in proceeds. Following the sale of shares at $133.28 each, the insider now holds 57,093 shares.
Before that, Palkhiwala Akash J. had sold 269 shares from its account. In a trade valued at $35,267, the CFO & COO traded Qualcomm, Inc shares for $131.10 each. Upon closing the transaction, the insider’s holdings decreased to 269 shares, worth approximately $7.76 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 drop of approximately -3.60%. Over the course of the year, Qualcomm, Inc shares have dropped approximately -12.51%. Shares of the company reached a 52-week high of $177.00 on 02/05/25 and a 52-week low of $120.80 on 04/07/25. A 50-day SMA is recorded $158.66, while a 200-day SMA reached $167.29.
Support And Resistance Levels for Qualcomm, Inc (QCOM)
According to the 24-hour chart, there is a support level at 129.44, which, if violated, would cause prices to drop to 124.48. In the upper region, resistance lies at 139.21. The next price resistance is at 144.02. RSI (Relative Strength Index) is 38.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -12.16, which suggests the price will decrease in the coming days. Percent R is at 66.56%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
