Qualcomm Inc. Stock Slides 7.2%, Underperforms Peers

Dow Jones09-29 04:33

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

Shares of Qualcomm Inc. slipped 7.2% to $187.48 on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.8% to 7,683.69 and Dow Jones Industrial Average falling 0.7% to 51,481.51.

Qualcomm Inc. closed 27.9% short of its 52-week high of $259.92, which the company reached on May 29th.

The stock underperformed when compared to some of its peers, as NVIDIA Corp. rose 1.7% to $228.86, Broadcom Inc. fell 0.9% to $349.57, and Intel Corp. fell 5.67% to $116.03.

Trading volume totaled 16.6 million, compared to the 50-day average of 12.6 million.

Data source: Dow Jones Market Data, FactSet

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