DJ Qorvo Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Qorvo Inc. $(QRVO)$ slipped 1.05% to $75.27 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.08% to 43,461.21 and the S&P 500 Index falling 0.50% to 5,983.25.
This was the stock's third consecutive day of losses.
Qorvo Inc. closed 42.54% 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 Monday, as Broadcom Inc. $(AVGO)$ fell 4.91% to $207.93, Qualcomm Inc. $(QCOM)$ fell 2.62% to $161.10, and Analog Devices Inc. $(ADI)$ fell 0.80% to $236.99.
Trading volume (1.6 M) remained 1.8 million below its 50-day average volume of 3.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 24, 2025.
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(END) Dow Jones Newswires
February 24, 2025 17:32 ET (22:32 GMT)
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