DJ Qorvo Inc. Stock Underperforms Monday When Compared To Competitors Despite Daily Gains
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Shares of Qorvo Inc. $(QRVO)$ inched 0.97% higher to $71.54 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.73% to 5,974.07 and the Dow Jones Industrial Average rising 0.16% to 42,906.95.
This was the stock's third consecutive day of gains.
Qorvo Inc. closed $59.45 below its 52-week high ($130.99), which the company reached on July 16th.
The stock underperformed when compared to some of its competitors Monday, as Broadcom Inc. $(AVGO)$ rose 5.52% to $232.35, Qualcomm Inc. $(QCOM)$ rose 3.50% to $158.24, and Analog Devices Inc. $(ADI)$ rose 1.47% to $214.89.
Trading volume (4.3 M) eclipsed its 50-day average volume of 2.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 23, 2024.
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(END) Dow Jones Newswires
December 23, 2024 17:28 ET (22:28 GMT)
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