DJ Qorvo Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains
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Shares of Qorvo Inc. $(QRVO)$ rallied 2.10% to $89.88 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.61% to 6,263.26 and the Dow Jones Industrial Average rising 0.49% to 44,458.30.
This was the stock's second consecutive day of gains.
Qorvo Inc. closed 31.38% below its 52-week high of $130.99, which the company achieved on July 16th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Broadcom Inc. (AVGO) rose 2.24% to $277.90, Qualcomm Inc. (QCOM) fell 0.06% to $159.35, and Analog Devices Inc. $(ADI.AU)$ fell 0.99% to $242.72.
Trading volume (2.2 M) eclipsed its 50-day average volume of 2.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 9, 2025.
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July 09, 2025 17:31 ET (21:31 GMT)
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