DJ Qualcomm Inc. Stock Underperforms Friday When Compared To Competitors
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Shares of Qualcomm Inc. $(QCOM)$ shed 4.76% to $165.43 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.71% to 6,013.13 and Dow Jones Industrial Average falling 1.69% to 43,428.02.
This was the stock's second consecutive day of losses.
Qualcomm Inc. closed 28.27% short of its 52-week high of $230.63, which the company reached on June 18th.
The stock underperformed when compared to some of its competitors Friday, as NVIDIA Corp. $(NVDA)$ fell 4.05% to $134.43, Broadcom Inc. $(AVGO)$ fell 3.56% to $218.66, and Intel Corp. $(INTC)$ fell 4.68% to $24.87.
Trading volume (12.4 M) eclipsed its 50-day average volume of 7.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 21, 2025.
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(END) Dow Jones Newswires
February 21, 2025 16:35 ET (21:35 GMT)
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