DJ Qorvo Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains
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Shares of Qorvo Inc. $(QRVO)$ rallied 1.41% to $71.30 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.43% to 5,631.28 and the Dow Jones Industrial Average rising 0.70% to 41,113.97.
The stock's rise snapped a two-day losing streak.
Qorvo Inc. closed 45.57% below its 52-week high of $130.99, which the company achieved on July 16th.
The stock underperformed when compared to some of its competitors Wednesday, as Broadcom Inc. $(AVGO)$ rose 2.36% to $204.81, Qualcomm Inc. $(QCOM)$ rose 3.15% to $144.30, and Analog Devices Inc. $(ADI)$ rose 2.18% to $199.86.
Trading volume (1.8 M) remained 968,058 below its 50-day average volume of 2.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 7, 2025.
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(END) Dow Jones Newswires
May 07, 2025 17:32 ET (21:32 GMT)
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