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Shares of Qualcomm Inc. (QCOM) shed 2.25% to $104.06 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.17% to 4,130.62 and Dow Jones Industrial Average falling 0.66% to 33,309.51.
Qualcomm Inc. closed $52.60 below its 52-week high ($156.66), which the company reached on July 22nd.
The stock underperformed when compared to some of its competitors Thursday, as NVIDIA Corp. (NVDA) fell 1.06% to $285.78.
Trading volume (10.6 M) eclipsed its 50-day average volume of 7.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 11, 2023.
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May 11, 2023 17:21 ET (21:21 GMT)
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