Qualcomm Inc. (QCOM) is Trading Lower on Unusual Volume for January 28

Equities Staff |

Qualcomm Inc. (QCOM) experienced unusually high volume on Jan. 28, as the stock lost 8.33% to a closing price of $43.57. The stock saw 22.07 million shares trade hands over the course of the day on 143,283 trades. Given that the stock’s average daily volume over the last month has been 14.44 million shares a day, this represents a pretty substantial spike over the norm.

Qualcomm Inc. has a P/B ratio of 1.85. The stock has traded between $74.09 and $44.39 over the last 52-weeks, its 50-day SMA is now $48.67, and its 200-day SMA $58.04.

Qualcomm Inc develops digital communication technology called CDMA (Code Division Multiple Access), & owns intellectual property applicable to products that implement any version of CDMA including patents, patent applications & trade secrets.

Headquartered in San Diego, CA, Qualcomm Inc. has 33,000 employees and is currently under the leadership of CEO Steven M. Mollenkopf.

For a complete fundamental analysis analysis of Qualcomm Inc., check out Equities.com’s Stock Valuation Analysis report for QCOM. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.


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All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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