DJ Qualcomm Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains
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Shares of Qualcomm Inc. $(QCOM)$ rallied 1.78% to $170.24 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.61% to 6,086.37 and the Dow Jones Industrial Average rising 0.30% to 44,156.73.
This was the stock's third consecutive day of gains.
Qualcomm Inc. closed 26.18% 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 Wednesday, as NVIDIA Corp. $(NVDA)$ rose 4.43% to $147.07.
Trading volume (7.2 M) remained 1.2 million below its 50-day average volume of 8.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 22, 2025.
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(END) Dow Jones Newswires
January 22, 2025 16:34 ET (21:34 GMT)
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