DJ TE Connectivity Ltd. Stock Rises Thursday, Still Underperforms Market
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Shares of TE Connectivity Ltd. $(TEL)$ inched 0.40% higher to $140.01 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.91% to 5,064.20 and the Dow Jones Industrial Average rising 0.85% to 38,225.66.
The stock's rise snapped a two-day losing streak.
TE Connectivity Ltd. closed $7.97 short of its 52-week high ($147.98), which the company achieved on April 9th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Qualcomm Inc. $(QCOM)$ rose 9.74% to $180.10, Intuit Inc. $(INTU)$ fell 0.19% to $614.04, and Texas Instruments Inc. $(TXN)$ rose 0.34% to $175.80.
Trading volume (1.7 M) remained 431,828 below its 50-day average volume of 2.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 2, 2024.
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(END) Dow Jones Newswires
May 02, 2024 16:55 ET (20:55 GMT)
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