Scalper1 News
Qualcomm (QCOM) received downgrades and target price reductions Thursday after the mobile chipmaker late Wednesday cut its outlook for the year, citing increased competition in China and sales losses to a major customer, likely Samsung. Analysts at Northland Securities and Macquarie downgraded the stock Thursday. Qualcomm stock tumbled 11.2% to 63.01 in early afternoon trading on the stock market today, hitting its lowest level since July 2013. Scalper1 News
Scalper1 News