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Qualcomm Inc. stock underperforms Wednesday when compared to competitors

Shares of Qualcomm Inc. QCOM, -1.86% fell 1.86% to $ 134.75 Wednesday, on what turned out to be an all-round mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, + 0.16% taking 0.16% rose to 33,730.89 and the S&P 500 Index SPX, decreased -0.41% by 0.41% to 4,124.66. This was the stock’s third consecutive day of losses. Qualcomm Inc. closed at $ 33.19 below 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 on Wednesday, such as Alphabet Inc. Cl A GOOGL, -0.56% decreased 0.56% to $ 2,241.91, NVIDIA Corp. NVDA, down 2.57%, declined 2.57% to $ 611.08, and Cisco Systems Inc. CSCO, declined 0.56%, to $ 51.37. The trade volume (10.0 million) remained 1.9 million below the 50-day average volume of 11.8 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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