Shares of QUALCOMM Incorporated (QCOM) Sees Large Inflow of Net Money Flow

QUALCOMM Incorporated (QCOM) : $47.59 million worth of transactions were on upticks in QUALCOMM Incorporated (QCOM), compared to $42.4 million on downticks. The ratio between the two was 1.12, whereas, the net money flow stood at a healthy $5.18 million on Fridays session.The block trades show a bullish bias with only $2.48 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $7.89million worth of trades. The up-down ratio between the uptick and downtick was 3.18, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $5.4 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.19%. The stock was trading at $63.35, with a drop of $0.12 over the previous days close. The stock recorded 0.6% for the week.


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 -47.08% . Institutional Investors own 78.29% of QUALCOMM Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -50.15%.

In a related news,The officer (President) of Qualcomm Inc/De, Aberle Derek K sold 20,874 shares at $62.81 on August 31, 2016. The Insider selling transaction had a total value worth of $1,311,096. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

QUALCOMM Incorporated (NASDAQ:QCOM): stock was range-bound between the intraday low of $63.09 and the intraday high of $63.7 after having opened at $63.53 on Fridays session. The stock finally closed in the red at $63.53, a loss of -0.19%. The stock remained in the red for the whole trading day. The total traded volume was 6,325,874 shares. The stock failed to cross $63.7 in Fridays trading. The stocks closing price on Thursday was $63.47.

QUALCOMM Incorporated (QCOM) : Traders are bullish on QUALCOMM Incorporated (QCOM) as it has outperformed the S&P 500 by a wide margin of 2.31% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.1%, 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 0.6% in the last 1 week, and is up 2.18% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

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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