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Shares of Qualcomm Inc. (QCOM) advanced 6.09% to $110.35 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.30% to 4,205.45 and the Dow Jones Industrial Average rising 1.00% to 33,093.34.
This was the stock's second consecutive day of gains.
Qualcomm Inc. closed $46.31 below its 52-week high ($156.66), which the company reached on July 22nd.
The stock outperformed some of its competitors Friday, as NVIDIA Corp. (NVDA) rose 2.54% to $389.46.
Trading volume (16.0 M) eclipsed its 50-day average volume of 7.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 26, 2023.
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May 26, 2023 17:20 ET (21:20 GMT)
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