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Shares of Qualcomm Inc. (QCOM) slipped 5.54% to $106.58 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.72% to 4,061.22 and Dow Jones Industrial Average falling 0.86% to 33,127.74.
This was the stock's second consecutive day of losses.
Qualcomm Inc. closed $50.08 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 Thursday, as NVIDIA Corp. (NVDA) fell 0.86% to $275.62.
Trading volume (22.1 M) eclipsed its 50-day average volume of 6.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 4, 2023.
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May 04, 2023 17:21 ET (21:21 GMT)
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