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Qualcomm Inc. stock rises Friday, still underperforms market

Shares of Qualcomm Inc. QCOM, + 0.27%, rose 0.27% higher to $ 138.21 Friday, on what turned out to be an all-round favorable trading session for the stock market, with the S&P 500 Index SPX, + 0.36% which rose 0.36% to 4,185.47 and the Dow Jones Industrial Average DJIA, + 0.48%, up 0.48% to 34,200.67. This was the stock’s second consecutive day of profit. Qualcomm Inc. closed at $ 29.73 below its 52-week high ($ 167.94), which the company reached on Jan. 20.

The stock showed a mixed performance against some of its competitors on Friday, such as Alphabet Inc. Cl A GOOGL, -0.11% decreased 0.11% to $ 2,282.75, NVIDIA Corp. NVDA, declined -1.39% to $ 636.50, and Cisco Systems Inc. CSCO, + 2.25%, rose 2.25% to $ 52.80. The trade volume (6.4 million) remained 5.3 million below the 50-day average volume of 11.7 million.

Editor’s Note: This story was automatically generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our terms of use for market data.

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