Qualcomm Inc. (QCOM): Today's Featured Telecommunications Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.Qualcomm (QCOM) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day down 2.4%. By the end of trading, Qualcomm fell $1.79 (-2.4%) to $74.08 on average volume. Throughout the day, 11,544,381 shares of Qualcomm exchanged hands as compared to its average daily volume of 10,131,800 shares. The stock ranged in price between $74.06-$75.44 after having opened the day at $75.29 as compared to the previous trading day's close of $75.87. Other companies within the Telecommunications industry that declined today were: RIT Technologies (RITT), down 17.3%, InfoSonics Corporation (IFON), down 12.3%, ShoreTel (SHOR), down 11.5% and Schawk (SGK), down 8.3%.
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