DJ Skyworks Solutions Inc. Stock Rises Tuesday, Still Underperforms Market
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Shares of Skyworks Solutions Inc. $(SWKS)$ inched 0.26% higher to $112.88 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.28% to 4,567.46 and the Dow Jones Industrial Average rising 0.08% to 35,438.07.
Skyworks Solutions Inc. closed $10.81 short of its 52-week high ($123.69), which the company reached on February 7th.
The stock underperformed when compared to some of its competitors Tuesday, as Broadcom Inc. $(AVGO)$ rose 1.82% to $917.99, Qualcomm Inc. $(QCOM)$ rose 0.78% to $125.07, and Analog Devices Inc. $(ADI)$ rose 1.71% to $195.66.
Trading volume (1.8 M) eclipsed its 50-day average volume of 1.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 25, 2023.
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July 25, 2023 17:12 ET (21:12 GMT)
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