DJ Qorvo Inc. Stock Underperforms Tuesday When Compared To Competitors
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Shares of Qorvo Inc. $(QRVO)$ slid 2.11% to $85.78 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.92% to 6,067.70 and the Dow Jones Industrial Average rising 0.31% to 44,850.35.
This was the stock's third consecutive day of losses.
Qorvo Inc. closed 34.51% 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 Tuesday, as Broadcom Inc. $(AVGO)$ rose 2.59% to $207.36, Qualcomm Inc. $(QCOM)$ rose 0.22% to $171.55, and Analog Devices Inc. $(ADI)$ fell 2.74% to $209.52.
Data source: Dow Jones Market Data, FactSet. Data compiled January 28, 2025.
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January 28, 2025 17:32 ET (22:32 GMT)
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