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Shares of Qualcomm Inc. (QCOM) advanced 3.22% to $116.36 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.24% to 4,283.85 and the Dow Jones Industrial Average rising 0.03% to 33,573.28.
The stock's rise snapped a two-day losing streak.
Qualcomm Inc. closed $40.30 short of its 52-week high ($156.66), which the company reached on July 22nd.
The stock outperformed some of its competitors Tuesday, as NVIDIA Corp. (NVDA) fell 1.32% to $386.54.
Trading volume (7.6 M) remained 299,510 below its 50-day average volume of 7.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 6, 2023.
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June 06, 2023 16:38 ET (20:38 GMT)
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