Large Inflow of Money Detected in QUALCOMM Incorporated

QUALCOMM Incorporated (QCOM) : Thursdays 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 $18.56 million, whereas, $9.67 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.92, in favor of the bulls. The total money flow into the stock was $8.9 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $9.7 million. The total value of block trades done on upticks was $9.7 million. QUALCOMM Incorporated (QCOM) fell $0.07 and traded at $54.76, down -0.13% for the day, over previous days close. On a weekly basis, the shares are 1.05% over the previous weeks close.


The stock has recorded a 20-day Moving Average of 2.72% and the 50-Day Moving Average is 3.14%. Shares have dropped -15.36% from its 1 Year high price. On Jul 21, 2015, the shares registered one year high at $66.05 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $53.95 and the 200 Day Moving Average price is recorded at $50.86.

QUALCOMM Incorporated (NASDAQ:QCOM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $55.19 and $54.56 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $55.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $54.88, notching a gain of 0.09% for the day. The total traded volume was 6,601,526 . The stock had closed at $54.83 on the previous day.

In an insider trading activity,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.

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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