DJ Qorvo Inc. Stock Underperforms Thursday When Compared To Competitors
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Shares of Qorvo Inc. $(QRVO)$ shed 1.10% to $72.06 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.74% to 5,973.10 and the Dow Jones Industrial Average remaining mostly unchanged at 43,729.34.
The stock's fall snapped a two-day winning streak.
Qorvo Inc. closed $58.93 below its 52-week high ($130.99), which the company achieved on July 16th.
The stock underperformed when compared to some of its competitors Thursday, as Broadcom Inc. $(AVGO)$ rose 2.37% to $183.81, Qualcomm Inc. $(QCOM)$ fell 0.05% to $172.91, and Analog Devices Inc. $(ADI)$ rose 0.67% to $227.77.
Trading volume (2.2 M) eclipsed its 50-day average volume of 1.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 7, 2024.
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(END) Dow Jones Newswires
November 07, 2024 17:21 ET (22:21 GMT)
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