DJ Qualcomm Inc. Stock Underperforms Monday When Compared To Competitors Despite Daily Gains
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Shares of Qualcomm Inc. $(QCOM)$ rallied 2.08% to $160.08 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.76% to 5,767.57 and the Dow Jones Industrial Average rising 1.42% to 42,583.32.
The stock's rise snapped a two-day losing streak.
Qualcomm Inc. closed 30.59% below 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. $(NVDA)$ rose 3.15% to $121.41, Broadcom Inc. $(AVGO)$ fell 0.21% to $191.25, and Intel Corp. $(INTC)$ fell 0.16% to $24.22.
Trading volume (6.0 M) remained 2.0 million below its 50-day average volume of 8.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 24, 2025.
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(END) Dow Jones Newswires
March 24, 2025 16:34 ET (20:34 GMT)
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