Shares of QUALCOMM Incorporated (QCOM) Sees Large Outflow of Money

QUALCOMM Incorporated (QCOM) : The value of composite uptick trades was $42.2 million, whereas, the value of composite downtick trades was $55.14 million. The uptick to downtick ratio stood at 0.77 with a negative money flow of ($12.95) Million during Thursdays trading session. The block trades money flow was negative ($13.97 million).The uptick to the downtick ratio of 0.24 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $4.44 million. The transaction of the trades on downticks amounted to $18.42 million, which confirms investors selling on the strength of price. QUALCOMM Incorporated (QCOM) gained 56 cents at $52.93, an increase of 1.07% over the previous days close.


QUALCOMM Incorporated (QCOM) : Average target price received by QUALCOMM Incorporated (QCOM) is $57.18 with an expected standard deviation of $7.37. The most aggressive target on the stock is $65, whereas the most downbeat target is $39. 17 financial analysts are currently covering the stock. The stock has recorded a 20-day Moving Average of 0.8% and the 50-Day Moving Average is 0.01%.

QUALCOMM Incorporated (NASDAQ:QCOM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $52.58 and $52.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.38. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.93, notching a gain of 1.07% for the day. The total traded volume was 5,763,546 . The stock had closed at $52.37 on the previous day.

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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