QUALCOMM Incorporated (QCOM) dropped -0.6% or -0.32 points to trade at $53.11 per share. As per the latest trading data available, the net money flow stood at $14.39 million as the shares received $90.74 million in upticks and gave away $76.35 million in downticks. The final up/down ratio was at 1.19. On a weekly basis, the stock has seen a change of -2.08%.During the course of the session, the shares witnessed a block trade with an up/down ratio of 6.52. $13.02 million was the inflow in upticks and $2 million was the outflow in downticks. For the block trade, the net money flow was $11.02 million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.
QUALCOMM Incorporated has lost 6.59% in the last five trading days and dropped 18.48% in the last 4 weeks. QUALCOMM Incorporated has dropped 22.05% during the last 3-month period . Year-to-Date the stock performance stands at -18.48%. QUALCOMM Incorporated (NASDAQ:QCOM) witnessed a decline in the market cap on Wednesday as its shares dropped 0.52% or 0.28 points. After the session commenced at $53.64, the stock reached the higher end at $53.8192 while it hit a low of $52.86. With the volume soaring to 16,102,109 shares, the last trade was called at $53.15. The company has a 52-week high of $71.62. The company has a market cap of $78,505 million and there are 1,477,041,000 shares in outstanding. The 52-week low of the share price is $42.24.
Company has reported several Insider transactions to the SEC, on Jan 31, 2017, Anthony J Vinciquerra (director) purchased 1,000 shares at 53.99 per share price.On Jan 10, 2017, Derek K Aberle (President) sold 11,621 shares at 65.68 per share price.On Jan 4, 2017, Matthew S Grob (EVP, Qualcomm Technologies Inc) sold 2,000 shares at 65.86 per share price.
QUALCOMM Last issued its quarterly earnings results on Jan 25, 2017. The company reported $1.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $1.18. The company had revenue of $5999.00 million for the quarter, compared to analysts expectations of $6116.03 million. The companys revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.QUALCOMM was Reiterated by Stifel on Jan 26, 2017 to Buy, Lowers Price Target to $ 65 from a previous price target of $80 .QUALCOMM was Downgraded by Charter Equity to Mkt Perform on Jan 24, 2017. QUALCOMM was Downgraded by Instinet to Neutral on Jan 23, 2017. QUALCOMM was Downgraded by CLSA to Underperform on Jan 23, 2017. QUALCOMM was Upgraded by Rosenblatt to Buy on Jan 12, 2017.
QUALCOMM Inc. develops and delivers innovative digital wireless communications products and services based on the companys CDMA digital technology. The companys business areas include CDMA integrated circuits and system software; technology licensing; the Binary Runtime Environment for Wireless applications development platform; Eudora e-mail software; digital cinema systems; and satellite-based systems including portions of the Globalstar system and wireless fleet management systems, OmniTRACS and OmniExpress. (Company Press Release)