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Shares of Qualcomm Inc. (QCOM) shed 1.63% to $103.56 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.12% to 4,145.58 and Dow Jones Industrial Average falling 0.69% to 33,055.51.
This was the stock's third consecutive day of losses.
Qualcomm Inc. closed $53.10 below its 52-week high ($156.66), which the company achieved on July 22nd.
The stock underperformed when compared to some of its competitors Tuesday, as NVIDIA Corp. (NVDA) fell 1.57% to $306.88.
Trading volume (7.4 M) eclipsed its 50-day average volume of 7.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 23, 2023.
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May 23, 2023 17:21 ET (21:21 GMT)
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