DJ Qorvo Inc. Stock Underperforms Friday When Compared To Competitors
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Shares of Qorvo Inc. $(QRVO)$ slipped 7.76% to $56.35 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 5.97% to 5,074.08 and Dow Jones Industrial Average falling 5.50% to 38,314.86.
This was the stock's second consecutive day of losses.
Qorvo Inc. closed 56.98% below its 52-week high of $130.99, which the company achieved on July 16th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Broadcom Inc. $(AVGO)$ fell 5.01% to $146.29, Qualcomm Inc. $(QCOM)$ fell 8.58% to $127.46, and Analog Devices Inc. $(ADI)$ fell 9.00% to $164.60.
Trading volume (4.5 M) eclipsed its 50-day average volume of 2.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 4, 2025.
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(END) Dow Jones Newswires
April 04, 2025 17:25 ET (21:25 GMT)
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