Qualcomm Inc. Stock Underperforms Thursday When Compared To Competitors Despite Daily Gains
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Qualcomm Inc. (QCOM) rallied 2.05% to $106.96 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.94% to 4,198.05 and the Dow Jones Industrial Average rising 0.34% to 33,535.91.
This was the stock's second consecutive day of gains.
Qualcomm Inc. closed $49.70 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) rose 4.97% to $316.78.
Trading volume (9.1 M) eclipsed its 50-day average volume of 7.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 18, 2023.
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
May 18, 2023 17:20 ET (21:20 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.