Large Inflow of Money Detected in QUALCOMM Incorporated

QUALCOMM Incorporated (QCOM) : $23.79 million worth of transactions were on upticks in QUALCOMM Incorporated (QCOM), compared to $20.86 million on downticks. The ratio between the two was 1.14, whereas, the net money flow stood at a healthy $2.93 million on Tuesdays session. The consistent buying on upticks in the stock accounted for $4.73million worth of trades. The total money flow into the stock stood at $4.73 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.06%. The stock was trading at $62.94, with a drop of $0.04 over the previous days close. The stock recorded -0.04% for the week.


Also, Equity Analysts at the Standpoint Research downgrades the rating on QUALCOMM Incorporated (NASDAQ:QCOM). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on July 25, 2016.

Shares of QUALCOMM Incorporated rose by 0.61% in the last five trading days and 2.63% for the last 4 weeks. QUALCOMM Incorporated is up 15.85% in the last 3-month period. Year-to-Date the stock performance stands at 29.4%.

QUALCOMM Incorporated (NASDAQ:QCOM): The stock opened at $63.00 on Tuesday but the bulls could not build on the opening and the stock topped out at $63.51 for the day. The stock traded down to $62.71 during the day, due to lack of any buying support eventually closed down at $62.94 with a loss of -0.06% for the day. The stock had closed at $62.98 on the previous day. The total traded volume was 5,047,613 shares.

In a related news, The Securities and Exchange Commission has divulged that Rosenberg Donald J, officer (EVP, GC & Corporate Secretary) of Qualcomm Inc/De, had unloaded 8,250 shares at an average price of $61.09 in a transaction dated on August 4, 2016. The total value of the transaction was worth $503,993.

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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