DJ Qualcomm Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Qualcomm Inc. $(QCOM)$ slid 1.56% to $170.24 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.76% to 5,994.57 and Dow Jones Industrial Average falling 0.28% to 44,421.91.
The stock's fall snapped a four-day winning streak.
Qualcomm Inc. closed 26.18% short of its 52-week high of $230.63, which the company reached on June 18th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as NVIDIA Corp. $(NVDA)$ fell 2.84% to $116.66, Broadcom Inc. $(AVGO)$ fell 1.60% to $217.73, and Intel Corp. $(INTC)$ fell 0.26% to $19.38.
Trading volume (7.3 M) remained 531,725 below its 50-day average volume of 7.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 3, 2025.
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(END) Dow Jones Newswires
February 03, 2025 16:34 ET (21:34 GMT)
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