DJ Skyworks Solutions Inc. Stock Rises Friday, Still Underperforms Market
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Shares of Skyworks Solutions Inc. $(SWKS)$ inched 0.56% higher to $88.75 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.09% to 5,930.85 and the Dow Jones Industrial Average rising 1.18% to 42,840.26.
The stock's rise snapped a four-day losing streak.
Skyworks Solutions Inc. closed $32.11 below its 52-week high ($120.86), which the company reached on July 16th.
The stock underperformed when compared to some of its competitors Friday, as Broadcom Inc. $(AVGO)$ rose 1.13% to $220.79, Qualcomm Inc. $(QCOM)$ rose 1.66% to $152.89, and Analog Devices Inc. $(ADI)$ rose 1.93% to $211.78.
Trading volume (6.3 M) eclipsed its 50-day average volume of 2.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 20, 2024.
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(END) Dow Jones Newswires
December 20, 2024 17:20 ET (22:20 GMT)
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