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Shares of Qualcomm Inc. (QCOM) inched 0.98% higher to $104.81 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.19% to 4,158.77 and the Dow Jones Industrial Average rising 1.24% to 33,420.77.
Qualcomm Inc. closed $51.85 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 Wednesday, as NVIDIA Corp. (NVDA) rose 3.30% to $301.78.
Trading volume (9.5 M) eclipsed its 50-day average volume of 7.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 17, 2023.
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May 17, 2023 17:21 ET (21:21 GMT)
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