Published on 13 Jan 2022 on Market Watch
Skyworks Solutions Inc. stock falls Thursday, underperforms market
Shares of Skyworks Solutions Inc. slipped 2.24% to $152.62 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.42% to 4,659.03 and Dow Jones Industrial Average falling 0.49% to 36,113.62. The stock's fall snapped a two-day winning streak. Skyworks Solutions Inc. closed $51.38 short of its 52-week high ($204.00), which the company achieved on April 29th.
Despite its losses, the stock outperformed some of its competitors Thursday, as Analog Devices Inc. fell 2.28% to $169.78. Trading volume (1.5 M) remained 454,554 below its 50-day average volume of 2.0 M.