DJ Qorvo Inc. Stock Rises Tuesday, Still Underperforms Market
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Shares of Qorvo Inc. $(QRVO)$ inched 0.60% higher to $71.80 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.23% to 5,782.76 and the Dow Jones Industrial Average rising 1.02% to 42,221.88.
Qorvo Inc. closed $59.19 short of its 52-week high ($130.99), which the company reached on July 16th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Broadcom Inc. $(AVGO)$ rose 3.17% to $173.90, Qualcomm Inc. $(QCOM)$ rose 0.44% to $165.91, and Analog Devices Inc. $(ADI)$ fell 2.94% to $217.60.
Trading volume (1.2 M) remained 383,508 below its 50-day average volume of 1.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 5, 2024.
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(END) Dow Jones Newswires
November 05, 2024 17:22 ET (22:22 GMT)
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