Shares of Qualcomm Inc. QCOM, -2.68% fell 2.68% to $129.90 Tuesday, on what turned out to be an overall bad trading session for the stock market, with the S&P 500 Index SPX, -2.04% down 2.04% to 4,352.63 and Dow Jones Industrial Average DJIA, -1.63% fell 1.63% to 34,299.99. This was the third consecutive day of losses for the stock. Qualcomm Inc. closed $38.04 lower than its 52-week high ($167.94), which the company reached on Jan. 20.
The stock showed a mixed performance compared to some of its competitors Tuesday as Alphabet Inc. Cl A GOOGL, -3.72% down 3.72% to $2,716.60, NVIDIA Corp. NVDA, -4.44% fell 4.44% to $206.99, and Cisco Systems Inc. CSCO, -1.25% fell 1.25% to $55.52. Trading volume (8.4 million) surpassed the 50-day average volume of 6.7 million.