Stock Of The Day: Why Qualcomm Stock Remains Stuck In A Range As Speculation Of Intel Takeover Grows
Portfolio Pulse from Mark Putrino
Qualcomm's stock has been trading in a range between $158 and $175 since early August, with speculation about a potential Intel takeover. Resistance and support levels are influenced by buyer's and seller's remorse. Analysts consider a Qualcomm takeover of Intel unlikely due to regulatory challenges.
September 23, 2024 | 6:26 pm
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NEUTRAL IMPACT
Speculation about a Qualcomm takeover of Intel is growing, but analysts consider it unlikely due to potential antitrust hurdles.
Intel is part of the speculation regarding a Qualcomm takeover. However, analysts believe regulatory challenges make this unlikely, resulting in a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Qualcomm's stock is trading in a range due to speculation about a potential Intel takeover, with resistance at $175 and support at $158. Analysts doubt the takeover due to regulatory challenges.
Qualcomm's stock is influenced by technical levels and speculation about an Intel takeover. However, analysts consider the takeover unlikely due to regulatory challenges, keeping the stock in a range.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80