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Shares of Qualcomm Inc. (QCOM) slid 3.57% to $172.47 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.97% to 4,532.76 and Dow Jones Industrial Average falling 0.96% to 35,028.65. This was the stock's second consecutive day of losses. Qualcomm Inc. closed $21.11 below its 52-week high ($193.58), which the company reached on January 5th.
The stock underperformed when compared to some of its competitors Wednesday, as Alphabet Inc. Cl A (GOOGL) fell 0.65% to $2,702.33, NVIDIA Corp. (NVDA) fell 3.23% to $250.67, and Cisco Systems Inc. (CSCO) fell 1.39% to $58.90. Trading volume (10.0 M) remained 316,909 below its 50-day average volume of 10.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 19, 2022.
(END) Dow Jones Newswires
January 19, 2022 17:20 ET (22:20 GMT)
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