Qualcomm Inc. Stock Outperforms Market Despite Losses On The Day
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Shares of Qualcomm Inc. (QCOM) slipped 0.76% to $176.80 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.03% to 4,620.64 and Dow Jones Industrial Average falling 1.48% to 35,365.44. This was the stock's second consecutive day of losses. Qualcomm Inc. closed $15.88 short of its 52-week high ($192.68), which the company achieved on December 16th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Alphabet Inc. Cl A (GOOGL) fell 1.88% to $2,834.50, NVIDIA Corp. (NVDA) fell 2.06% to $278.01, and Cisco Systems Inc. (CSCO) rose 0.25% to $60.46. Trading volume (16.2 M) eclipsed its 50-day average volume of 11.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 17, 2021.
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(END) Dow Jones Newswires
December 17, 2021 17:19 ET (22:19 GMT)
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