DJ Qorvo Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Qorvo Inc. $(QRVO)$ slipped 3.54% to $74.08 Monday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 2.70% to 5,614.56 and Dow Jones Industrial Average falling 2.08% to 41,911.71.
The stock's fall snapped a three-day winning streak.
Qorvo Inc. closed 43.45% short of its 52-week high of $130.99, which the company reached on July 16th.
Despite its losses, the stock outperformed some of its competitors Monday, as Broadcom Inc. $(AVGO)$ fell 5.39% to $184.45, Qualcomm Inc. $(QCOM)$ fell 3.87% to $154.98, and Analog Devices Inc. $(ADI)$ fell 4.25% to $216.26.
Trading volume (2.5 M) remained 345,631 below its 50-day average volume of 2.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 10, 2025.
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March 10, 2025 17:31 ET (21:31 GMT)
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