Qualcomm Inc QCOM shares are trading higher by some 7.45% to $132.05 Monday afternoon after Barclays upgraded the stock from Equal-Weight to Overweight.
What Else?
Qualcomm shares are potentially trading higher in sympathy with major indices amid strength in tech stocks. Additionally, Barclays upgraded its ratings on multiple stocks in the broader semiconsuctor sector. Elliott Management reportedly took a multi-billion dollar stake in Salesforce, lifting market sentiment.
See Also: Why Roku Shares Are Moving Following Netflix's Earnings Report
According to data from Benzinga Pro, QCOM has a 52-week high of $192.10 and a 52-week low of $101.93.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
