Qualcomm Shares Tumble: QCOM Drops Over 8% in Early Trading

NEW YORK – Qualcomm Incorporated (NASDAQ: QCOM) stock experienced a significant downturn during morning trading hours on May 1st. The semiconductor giant’s shares registered a notable loss, reflecting selling pressure in the market.

12.68 per share, which translates to a decrease of -8.54% for the day. The stock fell considerably from its previous closing value of $148.46.

Trading for QCOM opened at $138.78. The intraday high was recorded at $138.96, while the low reached $134.87 during the session. The provided one-day chart shows the stock trending lower after the market opened.

This price movement affects Qualcomm’s overall market valuation, with its market capitalization indicated around $150.1 Billion (represented as 15.01KCr). Other key financial metrics available include a Price-to-Earnings (P/E) ratio of 14.52 and a dividend yield of 2.62%.

The current trading level positions Qualcomm further below its 52-week high of $230.63. The stock’s 52-week low is $120.80, placing today’s price action within the lower segment of its yearly range. Market watchers are keeping a close eye on developments affecting semiconductor stocks.