DJ Qorvo Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Qorvo Inc. $(QRVO)$ shed 1.34% to $76.07 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.71% to 6,013.13 and Dow Jones Industrial Average falling 1.69% to 43,428.02.
This was the stock's second consecutive day of losses.
Qorvo Inc. closed 41.93% short of its 52-week high of $130.99, which the company achieved on July 16th.
Despite its losses, the stock outperformed some of its competitors Friday, as Broadcom Inc. $(AVGO)$ fell 3.56% to $218.66, Qualcomm Inc. $(QCOM)$ fell 4.76% to $165.43, and Analog Devices Inc. $(ADI)$ fell 2.01% to $238.91.
Trading volume (2.0 M) remained 1.5 million below its 50-day average volume of 3.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 21, 2025.
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(END) Dow Jones Newswires
February 21, 2025 17:29 ET (22:29 GMT)
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