DJ Qualcomm Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Qualcomm Inc. $(QCOM)$ shed 3.37% to $158.19 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.73% to 5,408.42 and Dow Jones Industrial Average falling 1.01% to 40,345.41.
This was the stock's second consecutive day of losses.
Qualcomm Inc. closed $72.44 short of its 52-week high ($230.63), which the company achieved on June 18th.
Despite its losses, the stock outperformed some of its competitors Friday, as NVIDIA Corp. $(NVDA)$ fell 4.09% to $102.83.
Trading volume (10.5 M) eclipsed its 50-day average volume of 9.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 6, 2024.
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(END) Dow Jones Newswires
September 06, 2024 16:37 ET (20:37 GMT)
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