Tiger Brokers

On Semiconductor Corp. Stock Slips 6.6%, Underperforms Peers

Dow Jones
Jul 30

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

Shares of ON Semiconductor Corp. slid 6.6% to $78.86 on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.5% to 7,316.15 and Dow Jones Industrial Average falling 2.2% to 51,594.14.

This was the stock's second consecutive day of losses.

ON Semiconductor Corp. closed 41.6% below its 52-week high of $134.92, which the company reached on June 3rd.

The stock underperformed when compared to some of its peers, as NVIDIA Corp. fell 3.6% to $190.01, Broadcom Inc. fell 2.8% to $370.32, and Qualcomm Inc. fell 4.42% to $155.68.

Trading volume totaled 12.2 million, compared to the 50-day average of 12.1 million.

Data source: Dow Jones Market Data, FactSet

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