DJ Qualcomm Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains
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Shares of Qualcomm Inc. $(QCOM)$ rallied 1.63% to $175.86 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.39% to 6,061.48 and the Dow Jones Industrial Average rising 0.71% to 44,873.28.
This was the stock's second consecutive day of gains.
Qualcomm Inc. closed 23.75% below its 52-week high of $230.63, which the company achieved on June 18th.
The stock underperformed when compared to some of its competitors Wednesday, as NVIDIA Corp. $(NVDA)$ rose 5.21% to $124.83, Broadcom Inc. $(AVGO)$ rose 4.30% to $232.00, and Intel Corp. $(INTC)$ rose 1.87% to $19.65.
Trading volume (12.2 M) eclipsed its 50-day average volume of 7.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 5, 2025.
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February 05, 2025 16:35 ET (21:35 GMT)
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