Qualcomm Inc. Stock Falls Wednesday, Underperforms Market
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Shares of Qualcomm Inc. (QCOM) slid 2.82% to $112.83 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.70% to 4,090.75 and Dow Jones Industrial Average falling 0.80% to 33,414.24.
Qualcomm Inc. closed $43.83 below its 52-week high ($156.66), which the company reached on July 22nd.
The stock underperformed when compared to some of its competitors Wednesday, as NVIDIA Corp. (NVDA) fell 1.45% to $278.02.
Trading volume (10.9 M) eclipsed its 50-day average volume of 6.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 3, 2023.
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May 03, 2023 17:21 ET (21:21 GMT)
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