Shares of Qualcomm Inc. QCOM, -0.29% slipped 0.29% to $123.85 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, +0.16% rising 0.16% to 34,337.87 and the S&P 500 Index SPX, -0.08% falling 0.08% to 4,411.55.
The stock’s fall snapped a two-day winning streak.
Qualcomm Inc. closed $16.09 short of its 52-week high ($139.94), which the company reached on February 1st.
The stock underperformed when compared to some of its competitors Monday, as NVIDIA Corp. NVDA, +0.59% rose 0.59% to $486.20.
Trading volume (7.9 M) remained 288,118 below its 50-day average volume of 8.2 M.