Shares of QUALCOMM fell 8.01% to $143.27 at 15:07 EST on Friday, after two consecutive sessions in a row of losses. The Nasdaq Stock Market is sliding 0.5% to $12,343.50, following yesterday's upward trend, This seems, so far, a somewhat negative trend trading session today.
QUALCOMM's last close was $155.75, 12.42% under its 52-week high of $161.07.
News about QUALCOMM today
Stocks making the biggest moves in the premarket: disney, QUALCOMM, nio, lululemon & more. According to today's article on CNBC, "Take a look at some of the biggest movers in the premarket:"
: QUALCOMM stock drops on report Apple’s developing its own iphone modem chips. According to today's article on MarketWatch, "Qualcomm Inc. shares fell Friday following a report that Apple Inc. is looking to gain independence from the chipmaker when it comes to modems. Qualcomm shares fell as much as 9% Friday and were last down 7.5% at $144.02. Late Thursday, Bloomberg reported that Johny Srouji, Appleâs head of hardware technologies, announced during a town-hall meeting that the tech giant had started internal development of its own cellular modem, a key smartphone part that Apple currently gets from Qualcomm. Recently, Qualcomm shares got a boost on a strong forecast given Appleâs rollout of 5G-enabled phones using Qualcomm chips."
QUALCOMM's Sales
QUALCOMM's sales growth is 62.8% for the ongoing quarter and 34.4% for the next. The company's growth estimates for the present quarter and the next is 110.1% and 72.7%, respectively.
QUALCOMM's Revenue
Year-on-year quarterly revenue growth grew by 73.4%, now sitting on 23.53B for the twelve trailing months.
QUALCOMM's Stock Top and Bottom Yearly Value
QUALCOMM's stock is valued at $143.27 at 15:07 EST, way under its 52-week high of $161.07 and way higher than its 52-week low of $58.00.