Figma Shares Indicated To Open $105/$110
SAN DIEGO—In a recent transaction disclosed in an SEC filing, QUALCOMM Inc. (NASDAQ:QCOM) sold 412,500 shares of MNTN, Inc. (NASDAQ:MNTN) Class A common stock. The shares were sold at a price of $16.00 each, amounting to a total transaction value of $6.6 million. MNTN shares currently trade at $25.90, significantly above QUALCOMM’s exit price. According to InvestingPro, MNTN appears overvalued at current levels, with a "GOOD" overall financial health score of 2.62. Following this sale, QUALCOMM no longer holds any shares of MNTN directly.
The transaction was executed on May 23, 2025, and was signed off by Adam Schwenker, Assistant Secretary at QUALCOMM. As a ten percent owner, QUALCOMM’s significant sale of MNTN stock is noteworthy for investors tracking the company’s stake in MNTN.
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