Qualcomm CEO, Other Insiders Sell Stock
From Bloomberg News
Qualcomm Inc. Chief Executive Irwin Jacobs and 14 other insiders sold $190.5 million of company stock this month, earning a profit of $171.5 million after exercising options to buy shares of the mobile-phone chip maker at lower prices, Securities and Exchange Commission filings said.
San Diego-based Qualcomm traded this week at its highest level since April. Its stock rose $1.49 to $40.64 on Nasdaq.
