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Qualcomm Inc. stock rises Wednesday, still underperforms market

Shares of Qualcomm Inc. QCOM, +1.00% was up 1.00% to $181.38 on Wednesday, in what turned out to be a great trading session for the stock market, with the S&P 500 Index SPX, +1.02% up 1.02% to 4,696.56 and the Dow Jones Industrial Average DJIA, +0.74%, up 0.74% to 35,753.89. This was the second consecutive day of gains for the stock. Qualcomm Inc. closed $11.30 below its 52-week high ($192.68) reached by the company on Dec. 16.

The stock showed a mixed performance compared to some of its competitors Wednesday as Alphabet Inc. Cl A GOOGL, +2.05%, up 2.05% to $2,928.30, NVIDIA Corp. NVDA, +1.12%, up 1.12% to $294.00, and Cisco Systems Inc. CSCO, +0.82% was up 0.82% to $61.53. Trading volume (5.2 million) remained 6.1 million below the 50-day average volume of 11.3 million.

Editor’s Note: This story was generated automatically 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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