DJ Qorvo Inc. Stock Underperforms Monday When Compared To Competitors
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Shares of Qorvo Inc. $(QRVO)$ slid 0.68% to $71.37 Monday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.28% to 5,712.69 and Dow Jones Industrial Average falling 0.61% to 41,794.60.
Qorvo Inc. closed $59.62 short of its 52-week high ($130.99), which the company achieved on July 16th.
The stock underperformed when compared to some of its competitors Monday, as Broadcom Inc. $(AVGO)$ fell 0.22% to $168.55, Qualcomm Inc. $(QCOM)$ fell 0.05% to $165.18, and Analog Devices Inc. $(ADI)$ fell 0.57% to $224.19.
Trading volume (1.7 M) eclipsed its 50-day average volume of 1.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 4, 2024.
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(END) Dow Jones Newswires
November 04, 2024 17:21 ET (22:21 GMT)
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