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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.
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May 18, 2023 17:20 ET (21:20 GMT)
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