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Qualcomm Inc. stock underperforms Friday when compared to competitors

Shares of Qualcomm Inc. QCOM, -3.47%, slipped 3.47% to $133.60 Friday in what turned out to be an all-encompassing gloomy trading session for the stock market, with the S&P 500 Index SPX falling -0.91% by 0.91% to 4,432.99 and Dow Jones Industrial Average DJIA, -0.48% fell 0.48% to 34,584.88. Qualcomm Inc. closed $34.34 below its 52-week high ($167.94), which the company reached on Jan. 20.

The stock underperformed some of its competitors on Friday as Alphabet Inc. Cl A GOOGL, -1.96% 1.96% fell to $2,816.00, NVIDIA Corp. NVDA, -1.54% down 1.54% to $219.00 and Cisco Systems Inc. CSCO, -0.84% ​​fell 0.84% ​​to $56.85. Trading volume (14.5 million) surpassed the 50-day average volume of 6.8 million.

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