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0 -0.000800915331807865 -0.00137299771167053 -0.00171624713958817 -0.0011441647597255 -0.00446224256292907 -0.0048054919908467 0.0127906178489702
Stock impact report

Qualcomm’s stock rallying like it’s 1999 [MarketWatch]

QUALCOMM Incorporated (QCOM) 
Last qualcomm incorporated earnings: 4/29 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: qualcomm.com/info/investor-relations
Company Research Source: MarketWatch
Qualcomm’s stock rallying like it’s 1999 Shares of Qualcomm Inc. continued their rocket climb Tuesday, in a parabolic trajectory that’s eerily reminiscent of the chip maker’s halcyon days during the internet bubble, following its settlement deal with Apple Inc. The stock QCOM, +5.79% ran up 5.8% to $86.72, the highest close since its Jan. 3, 2000 split-adjusted record of $89.66, after Morgan Stanley turned bullish and boosted its price target. Since Qualcomm and Apple announced last Tuesday that the companies have dropped all lawsuits against each other, the stock has now soared 51.7%. That would be the best 5-day stretch since it rocketed 63.3% during the 5-days ending April 26, 1999. Despite the stock’s meteoric rise in the past week, Morgan Stanley analyst James Faucette raised his rating to overweight, after being at equal weight since Nov. 15, while lifting his price target by 73% to $95, which is 10% above current levels. “We upgrade to [overweight] as we see new opportunitie Show less Read more
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