DJ Qualcomm Inc. Stock Underperforms Monday When Compared To Competitors Despite Daily Gains
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Shares of Qualcomm Inc. $(QCOM)$ rallied 3.50% to $158.24 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.73% to 5,974.07 and the Dow Jones Industrial Average rising 0.16% to 42,906.95.
This was the stock's second consecutive day of gains.
Qualcomm Inc. closed $72.39 below its 52-week high ($230.63), which the company achieved on June 18th.
The stock underperformed when compared to some of its competitors Monday, as NVIDIA Corp. $(NVDA)$ rose 3.69% to $139.67.
Trading volume (8.1 M) remained 476,286 below its 50-day average volume of 8.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 23, 2024.
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(END) Dow Jones Newswires
December 23, 2024 16:38 ET (21:38 GMT)
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