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Shares of Qualcomm Inc. (QCOM) slipped 1.55% to $113.41 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.61% to 4,179.83 and Dow Jones Industrial Average falling 0.41% to 32,908.27.
The stock's fall snapped a three-day winning streak.
Qualcomm Inc. closed $43.25 below its 52-week high ($156.66), which the company reached on July 22nd.
Despite its losses, the stock outperformed some of its competitors Wednesday, as NVIDIA Corp. (NVDA) fell 5.68% to $378.34.
Trading volume (14.9 M) eclipsed its 50-day average volume of 7.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 31, 2023.
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May 31, 2023 17:21 ET (21:21 GMT)
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