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Shares of Qualcomm Inc. (QCOM) dropped 0.82% to $115.84 Monday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.04% to 4,167.87 and Dow Jones Industrial Average falling 0.14% to 34,051.70.
Qualcomm Inc. closed $40.82 short of its 52-week high ($156.66), which the company achieved on July 22nd.
The stock underperformed when compared to some of its competitors Monday, as NVIDIA Corp. (NVDA) rose 4.18% to $289.10.
Trading volume (6.2 M) remained 446,281 below its 50-day average volume of 6.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 1, 2023.
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May 01, 2023 17:20 ET (21:20 GMT)
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