DJ Qorvo Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Qorvo Inc. $(QRVO)$ slipped 1.35% to $75.91 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.56% to 5,888.55 and Dow Jones Industrial Average falling 0.58% to 42,098.70.
Qorvo Inc. closed 42.05% short of 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 1.60% to $239.43, Qualcomm Inc. $(QCOM)$ fell 0.69% to $147.60, and Analog Devices Inc. $(ADI)$ fell 0.59% to $215.62.
Trading volume (1.5 M) remained 1.1 million below its 50-day average volume of 2.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 28, 2025.
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May 28, 2025 17:31 ET (21:31 GMT)
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