Large Inflow of Money Detected in QUALCOMM Incorporated

QUALCOMM Incorporated (QCOM) : On Wednesday, The money flowed into the QUALCOMM Incorporated (QCOM) stock with an uptick to downtick ratio was recorded at 1.43. Transactions worth $54.36 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $38.12 million. The total money flow into the stock was $16.24 million. The block trades reveal a bullish bias with an up-down ratio of 5.23. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $24.52 million of block transactions on upticks. The value of block trades on downticks was $4.69 million, indicating lower selling interest. The total money flow in block trades was $19.84 million. In terms of price action, QUALCOMM Incorporated (QCOM) traded down $0.02 during the session at $55.13. Compared to the previous days closing, the stock was down only by -0.03%. For the week, the stock is 0.68%, over previous weeks closing.


Also, Equity Analysts at the BMO Capital downgrades the rating on QUALCOMM Incorporated (NASDAQ:QCOM). The brokerage firm has issued a Underperform rating on the shares. The shares were previously rated Market Perform. The rating by the firm was issued on July 15, 2016.

QUALCOMM Incorporated (NASDAQ:QCOM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $55.36 and $55.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $55.95. The buying momentum continued till the end and the stock did not give up its gains. It closed at $55.82, notching a gain of 1.23% for the day. The total traded volume was 17,204,320 . The stock had closed at $55.14 on the previous day.

The stock has recorded a 20-day Moving Average of 3.9% and the 50-Day Moving Average is 4.17%. In a related news, Grob Matthew S, officer (EVP, Qualcomm Technologies Inc) of Qualcomm Inc/De, unloaded 10,000 shares at an average price of $55.25 on May 24, 2016. The total amount of the transaction was worth $552,500, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

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