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Shares of Qualcomm Inc. (QCOM) shed 2.34% to $103.79 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.64% to 4,109.90 and Dow Jones Industrial Average falling 1.01% to 33,012.14.
Qualcomm Inc. closed $52.87 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 Tuesday, as NVIDIA Corp. (NVDA) rose 0.90% to $292.13.
Trading volume (7.0 M) remained 305,291 below its 50-day average volume of 7.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 16, 2023.
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May 16, 2023 17:21 ET (21:21 GMT)
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