Qualcomm Inc. Stock Underperforms Monday When Compared To Competitors
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Shares of Qualcomm Inc. (QCOM) slumped 0.43% to $108.31 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.05% to 4,138.12 and the Dow Jones Industrial Average falling 0.17% to 33,618.69.
Qualcomm Inc. closed $48.35 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) rose 1.64% to $291.51.
Trading volume (6.7 M) remained 469,499 below its 50-day average volume of 7.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 8, 2023.
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May 08, 2023 17:22 ET (21:22 GMT)
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