DJ Qorvo Inc. Stock Underperforms Monday When Compared To Competitors Despite Daily Gains
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Shares of Qorvo Inc. $(QRVO)$ inched 0.31% higher to $71.91 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.16% to 5,836.22 and the Dow Jones Industrial Average rising 0.86% to 42,297.12.
The stock's rise snapped a two-day losing streak.
Qorvo Inc. closed $59.08 short of its 52-week high ($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. $(AVGO)$ rose 0.44% to $225.29, Qualcomm Inc. $(QCOM)$ rose 0.10% to $157.13, and Analog Devices Inc. $(ADI)$ rose 0.27% to $212.95.
Trading volume (2.9 M) remained 221,560 below its 50-day average volume of 3.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 13, 2025.
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(END) Dow Jones Newswires
January 13, 2025 17:36 ET (22:36 GMT)
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