Shares of Qualcomm Inc. (QCOM) experienced a decline of 1.80% on Tuesday, closing at $110.72. This drop occurred during a challenging trading session for the overall stock market, with the S&P 500 Index (SPX) falling 0.22% to 4,443.95 and the Dow Jones Industrial Average (DJIA) declining 0.31% to 34,517.73. This marked the third consecutive day of losses for Qualcomm.
Despite this decline, Qualcomm still closed $29.22 below its 52-week high of $139.94, which it reached on February 1st. In comparison to its competitors, Qualcomm underperformed on Tuesday, while NVIDIA Corp. (NVDA) saw a decrease of 1.01% to $435.20.
The trading volume for Qualcomm was 5.6 million shares, which remained 3.1 million shares below its 50-day average volume of 8.8 million shares.
It is important to note that this article was generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet.
Sources:
– Dow Jones
– FactSet