Qorvo Inc. Stock Rises Wednesday, Still Underperforms Market

Dow Jones12-12

DJ Qorvo Inc. Stock Rises Wednesday, Still Underperforms Market

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Qorvo Inc. $(QRVO)$ inched 0.67% higher to $69.06 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.82% to 6,084.19 and the Dow Jones Industrial Average falling 0.22% to 44,148.56.

Qorvo Inc. closed $61.93 short of its 52-week high ($130.99), which the company reached on July 16th.

The stock underperformed when compared to some of its competitors Wednesday, as Broadcom Inc. $(AVGO)$ rose 6.63% to $183.20, Qualcomm Inc. $(QCOM)$ rose 2.15% to $159.83, and Analog Devices Inc. $(ADI)$ rose 0.70% to $217.12.

Trading volume (1.6 M) remained 241,357 below its 50-day average volume of 1.9 M.

Data source: Dow Jones Market Data, FactSet. Data compiled December 11, 2024.

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

December 11, 2024 17:20 ET (22:20 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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