# Case Study #1

""FTC Files Case Over Licensing Practices""

Qualcomm Inc.

#### News Event

January 17, 2017 at 1:20:00 pm (EST) — The Federal Trade Commission (“FTC”) releases a press release that they’ve filed a complaint in federal district court charging Qualcomm Inc. with using anticompetitive tactics to maintain its monopoly in the supply of a key semiconductor device used in cell phones and other consumer products.

[**Read The Press Release**](https://www.ftc.gov/news-events/press-releases/2017/01/ftc-charges-qualcomm-monopolizing-key-semiconductor-device-used)

#### Market Alert

A few seconds after the press release, NewsHedge alerted its clients to the unusual trading event at **1:20:33 pm** (EST) as shares instantly dropped from **$66.66** to **$66.03**.

#### Social Context

As news broke, Wall Street instantaneously took to Twitter to share information. According to Metricle’s quantitative Twitter data, Twitter posts for Qualcomm produced a **negative “sell”** signal—as visually seen below.

#### Alpha Generation

Over the next several trading sessions, our quantitative data continued to produce a **negative “sell”** signal—giving our clients even more conviction to remain short, or to add to their short position.

#### Systematic Trading Data

To review systematic trading data associated with this case study, or to inquire about backtesting our data, contact us at [sales@newshedge.com](mailto:sales@newshedge.com).