DJ Skyworks Solutions Inc. Stock Outperforms Market Despite Losses On The Day
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Shares of Skyworks Solutions Inc. $(SWKS)$ sank 0.68% to $93.58 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.85% to 4,278.00 and Dow Jones Industrial Average falling 0.75% to 33,414.17.
This was the stock's third consecutive day of losses.
Skyworks Solutions Inc. closed $30.11 short of its 52-week high ($123.69), which the company achieved on February 7th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Broadcom Inc. $(AVGO)$ fell 2.16% to $867.83, Qualcomm Inc. $(QCOM)$ rose 0.27% to $111.28, and Analog Devices Inc. $(ADI)$ fell 1.49% to $168.72.
Trading volume (1.6 M) eclipsed its 50-day average volume of 1.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 19, 2023.
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October 19, 2023 17:13 ET (21:13 GMT)
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