Last Friday, Qualcomm(NASDAQ:QCOM) closed at $61.81 with a spike of 12.7%. This has been largely news driven. Communications chipmaker Broadcom Ltd had planned announce its bid for Qualcomm Inc. Wall Street Journal and Bloomberg had reported that the bid for QCOM could be more than $100 Million. Broadcom has apparently prepared a $70 per share bid, which QCOM is preparing to fend off, on the note that it’s undervalued.
The last 3-6 months have seen the Qualcomm stock (NASDAQ:QCOM) oscillate between $52 and $59. Amidst the general highs of tech stocks and the personal specific lows of Qualcomm, with multiple law suits on one hand and its NXP acquisition taking time to materialize, on the other, the stock has seen some inconsistent times off late. Market Reaction to Qualcomm [caption id="attachment_1713" align="aligncenter" width="751"] QCOM Stock Sentiment[/caption] Investor and trader sentiment has
