DJ Qorvo Inc. Stock Underperforms Tuesday When Compared To Competitors
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Shares of Qorvo Inc. $(QRVO)$ slipped 0.06% to $71.50 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.10% to 6,040.04 and the Dow Jones Industrial Average rising 0.91% to 43,297.03.
The stock's fall snapped a three-day winning streak.
Qorvo Inc. closed $59.49 below its 52-week high ($130.99), which the company achieved on July 16th.
The stock underperformed when compared to some of its competitors Tuesday, as Broadcom Inc. $(AVGO)$ rose 3.15% to $239.68, Qualcomm Inc. $(QCOM)$ rose 0.71% to $159.36, and Analog Devices Inc. $(ADI)$ rose 1.49% to $218.09.
Trading volume (973,753) remained 1.8 million below its 50-day average volume of 2.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 24, 2024.
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(END) Dow Jones Newswires
December 24, 2024 17:37 ET (22:37 GMT)
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