This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of ON Semiconductor Corp. rallied 4.5% to $46.49 on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.1% to 5,842.63 and the Dow Jones Industrial Average rising 1.1% to 43,006.59.
The stock's rise snapped an eight-day losing streak.
ON Semiconductor Corp. closed 45.4% short of its 52-week high of $85.16, which the company achieved on March 7th.
The stock outperformed some of its competitors, as NVIDIA Corp. rose 1.1% to $117.30, Broadcom Inc. rose 2.2% to $191.58, and Qualcomm Inc. rose 2.61% to $158.49.
Trading volume totaled 8.6 million, compared to the 50-day average of 9.2 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
March 05, 2025 16:35 ET (21:35 GMT)
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