Large Inflow of Money Detected in QUALCOMM Incorporated

QUALCOMM Incorporated (QCOM) : Mondays money flow data in QUALCOMM Incorporated (QCOM) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $67.22 million, whereas, $43.69 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.54, in favor of the bulls. The total money flow into the stock was $23.53 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $22.49 million. The total value of block trades done on upticks was $31.79 million. The value of bearish trades on downticks was only $9.3 million.The up/down ratio in the block trades was a healthy 3.42 in favor of the bulls, suggesting strong buying in the stock by large traders. QUALCOMM Incorporated (QCOM) fell $0.03 and traded at $61.71, down -0.05% for the day, over previous days close. On a weekly basis, the shares are -0.47% over the previous weeks close.


Shares of QUALCOMM Incorporated rose by 1.38% in the last five trading days and 14.03% for the last 4 weeks. QUALCOMM Incorporated is up 21.42% in the last 3-month period. Year-to-Date the stock performance stands at 27.27%.

QUALCOMM Incorporated (NASDAQ:QCOM): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $61.80 and $61.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $62.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $62.43, notching a gain of 1.17% for the day. The total traded volume was 6,498,977 . The stock had closed at $61.71 on the previous day.

In a related news,The officer (EVP, GC & Corporate Secretary) of Qualcomm Inc/De, Rosenberg Donald J sold 8,250 shares at $61.09 on August 4, 2016. The Insider selling transaction had a total value worth of $503,993. The Insider information was disclosed 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.