DJ Qorvo Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Qorvo Inc. $(QRVO)$ slipped 2.44% to $71.26 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.86% to 5,705.45 and Dow Jones Industrial Average falling 0.90% to 41,763.46.
This was the stock's second consecutive day of losses.
Qorvo Inc. closed $59.73 short of its 52-week high ($130.99), which the company reached on July 16th.
Despite its losses, the stock outperformed some of its competitors Thursday, as Broadcom Inc. $(AVGO)$ fell 3.89% to $169.77, Qualcomm Inc. $(QCOM)$ fell 2.89% to $162.77, and Analog Devices Inc. $(ADI)$ fell 3.05% to $223.11.
Trading volume (4.4 M) eclipsed its 50-day average volume of 1.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 31, 2024.
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(END) Dow Jones Newswires
October 31, 2024 17:21 ET (21:21 GMT)
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