DJ Qualcomm Inc. Stock Underperforms Monday When Compared To Competitors Despite Daily Gains
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Shares of Qualcomm Inc. $(QCOM)$ rose 2.02% to $171.36 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.67% to 6,066.44 and the Dow Jones Industrial Average rising 0.38% to 44,470.41.
The stock's rise snapped a two-day losing streak.
Qualcomm Inc. closed 25.70% short of its 52-week high of $230.63, which the company achieved on June 18th.
The stock underperformed when compared to some of its competitors Monday, as NVIDIA Corp. $(NVDA)$ rose 2.87% to $133.57, Broadcom Inc. $(AVGO)$ rose 4.52% to $235.04, and Intel Corp. $(INTC)$ rose 3.51% to $19.77.
Trading volume (6.2 M) remained 1.8 million below its 50-day average volume of 8.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 10, 2025.
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February 10, 2025 16:34 ET (21:34 GMT)
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