Qualcomm Inc. Stock Advances 9.3%, Outperforms Peers

Dow Jones09-22 04:33

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Qualcomm Inc. rose 9.3% to $194.23 on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.5% to 7,764.70 and the Dow Jones Industrial Average rising 0.7% to 52,048.83.

Qualcomm Inc. closed 25.3% below its 52-week high of $259.92, which the company reached on May 29th.

The stock demonstrated a mixed performance when compared to some of its peers, as NVIDIA Corp. rose 2.3% to $227.38, Broadcom Inc. rose 1.6% to $362.66, and Intel Corp. rose 12.14% to $121.78.

Trading volume totaled 18.2 million, compared to the 50-day average of 12.5 million.

Data source: Dow Jones Market Data, FactSet

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