DJ Qualcomm Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Qualcomm Inc. $(QCOM)$ advanced 2.66% to $180.05 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.11% to 5,459.10 and the Dow Jones Industrial Average rising 1.64% to 40,589.34.
The stock's rise snapped a three-day losing streak.
Qualcomm Inc. closed $50.58 short of its 52-week high ($230.63), which the company achieved on June 18th.
The stock outperformed some of its competitors Friday, as NVIDIA Corp. $(NVDA)$ rose 0.69% to $113.06.
Trading volume (6.4 M) remained 4.0 million below its 50-day average volume of 10.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 26, 2024.
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(END) Dow Jones Newswires
July 26, 2024 16:36 ET (20:36 GMT)
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