This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Qorvo Inc. tumbled 15.9% to $61.09 on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 4.8% to 5,396.52 and Dow Jones Industrial Average falling 4.0% to 40,545.93.
Qorvo Inc. closed 53.4% short of its 52-week high of $130.99, which the company reached on July 16th.
The stock underperformed when compared to some of its competitors, as Broadcom Inc. fell 10.5% to $154.01, Qualcomm Inc. fell 9.5% to $139.42, and Analog Devices Inc. fell 9.37% to $180.88.
Trading volume totaled 3.4 million, compared to the 50-day average of 2.5 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
April 03, 2025 16:34 ET (20:34 GMT)
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