DJ Qualcomm Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Qualcomm Inc. $(QCOM)$ shed 6.35% to $181.07 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 2.31% to 5,427.13 and Dow Jones Industrial Average falling 1.25% to 39,853.87.
This was the stock's second consecutive day of losses.
Qualcomm Inc. closed $49.56 below its 52-week high ($230.63), which the company reached on June 18th.
Despite its losses, the stock outperformed some of its competitors Wednesday, as NVIDIA Corp. $(NVDA)$ fell 6.80% to $114.25.
Trading volume (12.6 M) eclipsed its 50-day average volume of 10.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 24, 2024.
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(END) Dow Jones Newswires
July 24, 2024 16:36 ET (20:36 GMT)
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