DJ Qorvo Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Qorvo Inc. $(QRVO)$ slipped 2.29% to $68.74 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.10% to 6,001.35 and the Dow Jones Industrial Average rising 0.69% to 44,293.13.
This was the stock's third consecutive day of losses.
Qorvo Inc. closed $62.25 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 Monday, as Broadcom Inc. $(AVGO)$ fell 2.58% to $178.91, Qualcomm Inc. $(QCOM)$ fell 1.53% to $168.29, and Analog Devices Inc. $(ADI)$ fell 2.36% to $220.47.
Trading volume (2.5 M) eclipsed its 50-day average volume of 1.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 11, 2024.
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(END) Dow Jones Newswires
November 11, 2024 17:21 ET (22:21 GMT)
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