Shares of Qualcomm Inc. QCOM, 0.01% slipped 3.99% to $110.03 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, 0.54% rising 0.12% to 29,239.19 and the S&P 500 Index SPX, 0.38% falling 0.65% to 3,588.84. This was the stock’s third consecutive day of losses. Qualcomm Inc. closed $83.55 below its 52-week high ($193.58), which the company achieved on January 5th.
The stock underperformed when compared to some of its competitors Tuesday, as Alphabet Inc. Cl A GOOGL, 1.49% fell 0.69% to $97.18, NVIDIA Corp. NVDA, -0.30% fell 0.72% to $115.86, and Cisco Systems Inc. CSCO, 0.64% fell 0.78% to $39.58. Trading volume (10.8 M) eclipsed its 50-day average volume of 7.1 M.