DJ Qorvo Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Qorvo Inc. $(QRVO)$ slipped 1.37% to $72.02 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.07% to 5,614.66 and Dow Jones Industrial Average falling 0.62% to 41,581.31.
The stock's fall snapped a two-day winning streak.
Qorvo Inc. closed 45.02% below 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 Tuesday, as Broadcom Inc. $(AVGO)$ fell 3.00% to $188.67, Qualcomm Inc. $(QCOM)$ fell 1.05% to $156.29, and Analog Devices Inc. $(ADI)$ fell 1.19% to $209.16.
Trading volume (1.5 M) remained 1.4 million below its 50-day average volume of 2.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 18, 2025.
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March 18, 2025 17:31 ET (21:31 GMT)
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