Qudian Inc. (QD) Forms $13.00 Double Bottom; Arrowgrass Capital Partners LP Has Cut Qualcomm (Put) (QCOM) Position

Arrowgrass Capital Partners Lp decreased Qualcomm Inc (Put) (QCOM) stake by 62.34% reported in 2017Q3 SEC filing. Arrowgrass Capital Partners Lp sold 13,488 shares as Qualcomm Inc (Put) (QCOM)’s stock rose 2.14%. The Arrowgrass Capital Partners Lp holds 8,149 shares with $42.24M value, down from 21,637 last quarter. Qualcomm Inc (Put) now has $92.40B valuation. The stock decreased 4.03% or $2.62 during the last trading session, reaching $62.42. About 13.45M shares traded or 22.83% up from the average. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 9.31% since February 9, 2017 and is uptrending. It has underperformed by 7.39% the S&P500.

Qudian Inc. (QD) formed double bottom with $12.09 target or 7.00% below today’s $13.00 share price. Qudian Inc. (QD) has $4.29B valuation. The stock decreased 0.31% or $0.04 during the last trading session, reaching $13. About 3.28M shares traded. Qudian Inc. (NYSE:QD) has 0.00% since February 9, 2017 and is . It has underperformed by 16.70% the S&P500.

Since August 20, 2017, it had 0 insider purchases, and 6 selling transactions for $3.16 million activity. The insider STERLING MICHELLE M sold $245,919. $18,361 worth of stock was sold by ROGERS ALEXANDER H on Wednesday, September 27. The insider GROB MATTHEW S sold $2.81 million.

Arrowgrass Capital Partners Lp increased Nabors Industries Ltd (NYSE:NBR) stake by 291,908 shares to 1.02M valued at $8.21M in 2017Q3. It also upped Las Vegas Sands Corp (NYSE:LVS) stake by 11,168 shares and now owns 12,317 shares. Disney Walt Co (Call) (NYSE:DIS) was raised too.

Among 36 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 16 have Buy rating, 1 Sell and 19 Hold. Therefore 44% are positive. Qualcomm Inc. had 131 analyst reports since July 23, 2015 according to SRatingsIntel. Bernstein maintained the shares of QCOM in report on Thursday, November 2 with “Hold” rating. On Thursday, February 1 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. The firm has “Overweight” rating by JP Morgan given on Monday, May 22. On Tuesday, May 17 the stock rating was initiated by CLSA with “Outperform”. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Hold” rating by Stifel Nicolaus on Monday, February 5. The rating was upgraded by RBC Capital Markets on Wednesday, November 8 to “Outperform”. The stock has “Buy” rating by KeyBanc Capital Markets on Tuesday, August 22. The stock has “Buy” rating by Cowen & Co on Wednesday, January 31. BMO Capital Markets maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Monday, August 21. BMO Capital Markets has “Hold” rating and $55.0 target. Stifel Nicolaus maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Thursday, November 2 with “Buy” rating.