DJ Qorvo Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Qorvo Inc. $(QRVO)$ slipped 3.45% to $68.50 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 2.95% to 5,872.16 and Dow Jones Industrial Average falling 2.58% to 42,326.87.
The stock's fall snapped a two-day winning streak.
Qorvo Inc. closed $62.49 below its 52-week high ($130.99), which the company achieved on July 16th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Broadcom Inc. $(AVGO)$ fell 6.91% to $223.62, Qualcomm Inc. $(QCOM)$ fell 3.08% to $153.05, and Analog Devices Inc. $(ADI)$ fell 2.83% to $207.77.
Trading volume (3.4 M) eclipsed its 50-day average volume of 2.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 18, 2024.
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(END) Dow Jones Newswires
December 18, 2024 17:20 ET (22:20 GMT)
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