Shares of Qualcomm Inc. QCOM, -1.63% slid 1.63% to $115.22 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, -0.79% falling 0.79% to 4,411.59 and Dow Jones Industrial Average DJIA, -1.07% falling 1.07% to 33,922.26.
This was the stock’s second consecutive day of losses.
Qualcomm Inc. closed $41.44 short of its 52-week high ($156.66), which the company reached on July 22nd.
The stock underperformed when compared to some of its competitors Thursday, as NVIDIA Corp. NVDA, -0.51% fell 0.51% to $421.03.
Trading volume (7.4 M) remained 1.3 million below its 50-day average volume of 8.8 M.