Qualcomm Inc. Stock Rises Monday, Outperforms Market
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Shares of Qualcomm Inc. (QCOM) rose 1.83% to $186.21 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.64% to 4,796.56 and the Dow Jones Industrial Average rising 0.68% to 36,585.06. This was the stock's second consecutive day of gains. Qualcomm Inc. closed $6.47 below 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 Monday, as Alphabet Inc. Cl A (GOOGL) rose 0.10% to $2,899.83, NVIDIA Corp. (NVDA) rose 2.41% to $301.21, and Cisco Systems Inc. (CSCO) fell 0.33% to $63.16. Trading volume (6.0 M) remained 5.0 million below its 50-day average volume of 11.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 3, 2022.
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January 03, 2022 17:20 ET (22:20 GMT)
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