Shares of Qualcomm Inc. QCOM, -1.28% slid 1.28% to $139.32 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -0.56% falling 0.56% to 4,739.21 and Dow Jones Industrial Average DJIA, -0.25% falling 0.25% to 37,266.67.
The stock’s fall snapped a two-day winning streak.
Qualcomm Inc. closed $7.57 short of its 52-week high ($146.89), which the company reached on December 28th.
The stock underperformed when compared to some of its competitors Wednesday, as NVIDIA Corp. NVDA, -0.58% fell 0.58% to $560.53.
Trading volume (6.6 M) remained 1.9 million below its 50-day average volume of 8.5 M.