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Shares of Qualcomm Inc. (QCOM) dropped 0.42% to $103.62 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.16% to 4,124.08 and Dow Jones Industrial Average falling 0.03% to 33,300.62.
This was the stock's second consecutive day of losses.
Qualcomm Inc. closed $53.04 short of its 52-week high ($156.66), which the company achieved on July 22nd.
Despite its losses, the stock outperformed some of its competitors Friday, as NVIDIA Corp. (NVDA) fell 0.83% to $283.40.
Trading volume (7.6 M) eclipsed its 50-day average volume of 7.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 12, 2023.
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May 12, 2023 17:21 ET (21:21 GMT)
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