QUALCOMM Incorporated (QCOM) : During the past 4 weeks, traders have been relatively bearish on QUALCOMM Incorporated (QCOM), hence the stock is down -2.04% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.45% relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.03% in the last 1 week, and is up 2.24% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 2.33% and the 50-Day Moving Average is 2.72%.
QUALCOMM Incorporated (NASDAQ:QCOM): The stock opened at $54.86 on Friday but the bulls could not build on the opening and the stock topped out at $54.86 for the day. The stock traded down to $54.17 during the day, due to lack of any buying support eventually closed down at $54.75 with a loss of -0.24% for the day. The stock had closed at $54.88 on the previous day. The total traded volume was 10,236,935 shares.
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 79.21% of QUALCOMM Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -85.12%. 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.