DJ Qorvo Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Qorvo Inc. $(QRVO)$ slipped 2.48% to $65.60 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.02% to 5,985.38 and the Dow Jones Industrial Average rising 0.11% to 43,958.19.
This was the stock's fifth consecutive day of losses.
Qorvo Inc. closed $65.39 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 Wednesday, as Broadcom Inc. $(AVGO)$ fell 1.50% to $173.58, Qualcomm Inc. $(QCOM)$ fell 1.83% to $160.42, and Analog Devices Inc. $(ADI)$ fell 3.06% to $212.84.
Data source: Dow Jones Market Data, FactSet. Data compiled November 13, 2024.
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(END) Dow Jones Newswires
November 13, 2024 17:21 ET (22:21 GMT)
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