Qualcomm Inc. Stock Underperforms Monday When Compared To Competitors
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Shares of Qualcomm Inc. (QCOM) slid 2.50% to $112.73 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.20% to 4,273.79 and Dow Jones Industrial Average falling 0.59% to 33,562.86.
This was the stock's second consecutive day of losses.
Qualcomm Inc. closed $43.93 short of its 52-week high ($156.66), which the company reached on July 22nd.
The stock underperformed when compared to some of its competitors Monday, as NVIDIA Corp. (NVDA) fell 0.40% to $391.71.
Trading volume (7.8 M) remained 93,049 below its 50-day average volume of 7.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 5, 2023.
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June 05, 2023 16:39 ET (20:39 GMT)
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