Qorvo Inc. Stock Rallies 4.4%, Outperforms Peers

Dow Jones
09/03

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Qorvo Inc. advanced 4.4% to $100.63 on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.5% to 7,666.60 and the Dow Jones Industrial Average rising 0.6% to 53,061.95.

This was the stock's third consecutive day of gains.

Qorvo Inc. closed 8.1% short of its 52-week high of $109.49, which the company reached on May 27th.

The stock outperformed some of its peers, as Broadcom Inc. fell 0.7% to $367.24, Qualcomm Inc. rose 2.0% to $169.96, and Analog Devices Inc. rose 0.34% to $355.71.

Trading volume totaled 1.3 million, compared to the 50-day average of 1.2 million.

Data source: Dow Jones Market Data, FactSet

 

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