Published on 13 Oct 2021 on Market Watch
Qualcomm Inc. stock outperforms competitors despite losses on the day
Shares of Qualcomm Inc. shed 1.59% to $122.95 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.24% to 4,350.65 and Dow Jones Industrial Average falling 0.34% to 34,378.34. This was the stock's fourth consecutive day of losses. Qualcomm Inc. closed $44.99 below its 52-week high ($167.94), which the company achieved on January 20th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Alphabet Inc. Cl A fell 1.77% to $2,728.98, NVIDIA Corp. fell 0.12% to $206.71, and Cisco Systems Inc. fell 1.18% to $54.28. Trading volume (10.4 M) eclipsed its 50-day average volume of 6.6 M.