DJ Skyworks Solutions Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Skyworks Solutions Inc. $(SWKS)$ shed 2.29% to $88.66 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 2.95% to 5,872.16 and Dow Jones Industrial Average falling 2.58% to 42,326.87.
This was the stock's third consecutive day of losses.
Skyworks Solutions Inc. closed $32.20 short of its 52-week high ($120.86), which the company reached on July 16th.
Despite its losses, the stock outperformed some of its competitors Wednesday, as Broadcom Inc. $(AVGO)$ fell 6.91% to $223.62, Qualcomm Inc. $(QCOM)$ fell 3.08% to $153.05, and Analog Devices Inc. $(ADI)$ fell 2.83% to $207.77.
Trading volume (4.0 M) eclipsed its 50-day average volume of 2.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 18, 2024.
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(END) Dow Jones Newswires
December 18, 2024 17:15 ET (22:15 GMT)
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