Qualcomm Inc. Stock Underperforms Thursday When Compared To Competitors Despite Daily Gains
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Shares of Qualcomm Inc. (QCOM) advanced 2.13% to $115.83 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.99% to 4,221.02 and the Dow Jones Industrial Average rising 0.47% to 33,061.57.
Qualcomm Inc. closed $40.83 below its 52-week high ($156.66), which the company achieved on July 22nd.
The stock underperformed when compared to some of its competitors Thursday, as NVIDIA Corp. (NVDA) rose 5.12% to $397.70.
Trading volume (8.6 M) eclipsed its 50-day average volume of 7.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 1, 2023.
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June 01, 2023 17:21 ET (21:21 GMT)
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