Qualcomm Inc. Stock Falls Thursday, Underperforms Market
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Shares of Qualcomm Inc. (QCOM) shed 0.29% to $185.95 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.10% to 4,696.05 and Dow Jones Industrial Average falling 0.47% to 36,236.47. This was the stock's second consecutive day of losses. Qualcomm Inc. closed $7.63 below its 52-week high ($193.58), which the company reached on January 5th.
The stock underperformed when compared to some of its competitors Thursday, as Alphabet Inc. Cl A (GOOGL) fell 0.02% to $2,754.95, NVIDIA Corp. (NVDA) rose 2.08% to $281.78, and Cisco Systems Inc. (CSCO) rose 1.06% to $60.92. Trading volume (9.1 M) remained 2.1 million below its 50-day average volume of 11.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 6, 2022.
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January 06, 2022 17:20 ET (22:20 GMT)
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