Qualcomm Surges Over 20% After Agreeing to Drop Apple Litigation -- Data Talk

Qualcomm Incorporated (QCOM) is currently at $68.73, up $11.55 or 20.2%

-- Would be highest close since Oct. 9, 2018, when it closed at $70.13

-- On pace for largest percent increase since Dec. 29, 1999, when it rose 31.01%

-- Earlier Tuesday, Apple Inc. and Qualcomm agreed to dismiss all litigation between the two companies world-wide, on the day the two sides began a courtroom trial to settle their legal dispute. Financial terms of the agreement weren't disclosed

-- Currently up three consecutive days; up 22.95% over this period

-- Best three-day stretch since the three days ending July 25, 2008, when it rose 23.47%

-- Up 20.52% month-to-date

-- Up 20.77% year-to-date

-- Up 24.17% from 52 weeks ago (April 17, 2018), when it closed at $55.35

-- Up 21.51% at today's intraday high; largest intraday percent increase since July 24, 2008, when it rose as much as 21.62%

-- Best performer in the S&P 500 today

-- Second-most-active stock in the S&P 500 today

-- Best performer in the Nasdaq 100 today

-- Most-active stock in the Nasdaq 100 today

All data as of 3:44:34 PM

Source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

April 16, 2019 16:07 ET (20:07 GMT)

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