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StockNews.com
Business
Aditi Ganguly

Options Activity In QCOM Explodes, Should You Follow The Bulls?

QCOM

QUALCOMM Incorporated (QCOM) manufactures semiconductors and foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies; Qualcomm Technology Licensing; and Qualcomm Strategic Initiatives. The company has an ISS Governance QualityScore of 3, indicating relatively low governance risk.

QCOM shares surged intraday last Tuesday, after one trade bought 750 contracts for more than $200,000 in premium. This comes after KeyBanc Capital raised QCOM’s fiscal 2022 earnings guidance by 3.8% to $13.74 per share, citing the company’s agreements to supply processors and 5G modems to Apple (AAPL) and Samsung. However, the stock declined 8.1% over the past month due to the extended market correction.

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