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Shares of Qualcomm Inc. (QCOM) slid 1.03% to $105.86 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.14% to 4,191.98 and Dow Jones Industrial Average falling 0.33% to 33,426.63.
The stock's fall snapped a two-day winning streak.
Qualcomm Inc. closed $50.80 below its 52-week high ($156.66), which the company reached on July 22nd.
Despite its losses, the stock outperformed some of its competitors Friday, as NVIDIA Corp. (NVDA) fell 1.31% to $312.64.
Trading volume (5.8 M) remained 1.6 million below its 50-day average volume of 7.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 19, 2023.
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May 19, 2023 17:20 ET (21:20 GMT)
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