DJ Qorvo Inc. Stock Underperforms Monday When Compared To Competitors Despite Daily Gains
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Shares of Qorvo Inc. $(QRVO)$ rallied 1.02% to $70.30 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.38% to 6,074.08 and the Dow Jones Industrial Average falling 0.25% to 43,717.48.
Qorvo Inc. closed $60.69 below 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. $(AVGO)$ rose 11.21% to $250.00, Qualcomm Inc. $(QCOM)$ fell 0.40% to $157.89, and Analog Devices Inc. $(ADI)$ fell 0.14% to $216.31.
Trading volume (2.6 M) eclipsed its 50-day average volume of 1.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 16, 2024.
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(END) Dow Jones Newswires
December 16, 2024 17:20 ET (22:20 GMT)
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