QUALCOMM Incorporated (NASDAQ:QCOM) has tumbled 0.52% during the past week and has dropped 1.78% in the last 4 week period. The company has outperformed the S&P 500 by 0.67% in the past week but underperformed the index by 2.68% in the last 4 weeks.
QUALCOMM Incorporated (NASDAQ:QCOM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $53.73 and $53.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $53.55, notching a gain of 0.24% for the day. The total traded volume was 14,548,762 . The stock had closed at $53.42 on the previous day.
The company shares have dropped -20.50% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $67.63 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $53.22 and the 200 Day Moving Average price is recorded at $50.38.
On the companys insider trading activities,The officer (EVP, Qualcomm Technologies Inc) of Qualcomm Inc/De, Grob Matthew S sold 10,000 shares at $55.25 on May 24, 2016. The Insider selling transaction had a total value worth of $552,500. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Brokerage firm Brean Capital downgrades its rating on QUALCOMM Incorporated (NASDAQ:QCOM). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 9, 2016. Currently the company Insiders own 0.24% of QUALCOMM Incorporated shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -85.12% . Institutional Investors own 79.22% of QUALCOMM Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -85.12%.
Qualcomm Incorporated (Qualcomm) is engaged in providing third-generation (3G), fourth-generation (4G) and next-generation wireless technologies. The Companys products include 2net, AllPlay, Brew, Gobi, Halo, HealthyCircles, Hy-Fi, IPQ, IZat, Pixtronix, Powerline, QChat, QLearn, Small Cells, Snapdragon, Vive, RaptorQ, Vuforia and WiPower. AllPlay helps manufacturers create devices and services. It also helps developers create Android and iPhone operating system (iOS) music streaming applications. The Companys Brew platform enables feature phone applications, such as gaming, messaging, Web browsing and social networking. Qualcomm Gobi modems connect users devices to 3G, 4G, and 4G long-term evolution (LTE) networks. Qualcomm Halo technology eliminates the need for plug-in cords for recharging in electric and hybrid vehicles. Qualcomm Powerline solutions turn electrical outlets into broadband connection points, creating networks by plugging in.