Qualcomm Inc. Stock Underperforms Tuesday When Compared To Competitors
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Shares of Qualcomm Inc. (QCOM) slid 2.35% to $105.77 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.46% to 4,119.17 and Dow Jones Industrial Average falling 0.17% to 33,561.81.
This was the stock's second consecutive day of losses.
Qualcomm Inc. closed $50.89 short of its 52-week high ($156.66), which the company reached on July 22nd.
The stock underperformed when compared to some of its competitors Tuesday, as NVIDIA Corp. (NVDA) fell 1.99% to $285.71.
Trading volume (7.8 M) eclipsed its 50-day average volume of 7.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 9, 2023.
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May 09, 2023 17:21 ET (21:21 GMT)
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