This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Qorvo Inc. advanced 7.9% to $76.80 on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.6% to 5,770.20 and the Dow Jones Industrial Average rising 0.5% to 42,801.72.
This was the stock's third consecutive day of gains.
Qorvo Inc. closed 41.4% short of its 52-week high of $130.99, which the company reached on July 16th.
The stock demonstrated a mixed performance when compared to some of its competitors, as Broadcom Inc. rose 8.6% to $194.96, Qualcomm Inc. rose 3.3% to $161.22, and Analog Devices Inc. rose 1.39% to $225.86.
Trading volume totaled 3.0 million, compared to the 50-day average of 3.4 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
March 07, 2025 16:33 ET (21:33 GMT)
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