Qualcomm Shares Up After Hours After DOJ Seeks Hold on Antitrust Ruling

Date : 07/16/2019 @ 11:31PM
Source : Dow Jones News
Stock : QUALCOMM Inc (QCOM)
Quote : 77.24  -1.23 (-1.57%) @ 12:59AM
After Hours
Last Trade
Last $ 77.55 ▲ 0.31 (0.40%)

Qualcomm Shares Up After Hours After DOJ Seeks Hold on Antitrust Ruling

QUALCOMM (NASDAQ:QCOM)
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   By Stephen Nakrosis 
 

Shares of Qualcomm Inc. (QCOM) are rising in Tuesday's after-hours market, following media reports the U.S. Department of Justice asked a court to hold an antitrust order that would have made the company change the way it licensed its patents.

At 5:53 p.m. ET, Qualcomm shares had gained 4.12% to trade at $78.85. Over 800,000 shares had traded in the after-hours session. The company's shares closed the day's regular session with a gain of 0.32% to finish at $75.67.

Bloomberg reported the Justice Department, citing national security concerns among others, asked the U.S. Court of Appeals in San Francisco to put a hold on the order until the company could appeal.

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

July 16, 2019 18:16 ET (22:16 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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