DJ Qualcomm Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Qualcomm Inc. $(QCOM)$ slid 4.73% to $154.44 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.59% to 5,861.57 and Dow Jones Industrial Average falling 0.45% to 43,239.50.
The stock's fall snapped a two-day winning streak.
Qualcomm Inc. closed 33.04% short of 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 Thursday, as NVIDIA Corp. $(NVDA)$ fell 8.48% to $120.15, Broadcom Inc. $(AVGO)$ fell 7.11% to $197.80, and Intel Corp. $(INTC)$ fell 1.83% to $23.09.
Trading volume (9.0 M) eclipsed its 50-day average volume of 7.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 27, 2025.
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(END) Dow Jones Newswires
February 27, 2025 16:34 ET (21:34 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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