Qualcomm Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Qualcomm Inc. (QCOM) shed 0.52% to $103.02 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.73% to 4,115.24 and Dow Jones Industrial Average falling 0.77% to 32,799.92.
This was the stock's fourth consecutive day of losses.
Qualcomm Inc. closed $53.64 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) fell 0.49% to $305.38.
Trading volume (8.1 M) eclipsed its 50-day average volume of 7.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 24, 2023.
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May 24, 2023 17:21 ET (21:21 GMT)
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