Published on 11 Feb 2022 on Market Watch
Xilinx Inc. stock underperforms Friday when compared to competitors
Shares of Xilinx Inc. slid 9.99% to $194.92 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.90% to 4,418.64 and Dow Jones Industrial Average falling 1.43% to 34,738.06. This was the stock's second consecutive day of losses. Xilinx Inc. closed $44.87 short of its 52-week high ($239.79), which the company reached on November 30th.
The stock underperformed when compared to some of its competitors Friday, as Texas Instruments Inc. fell 3.67% to $164.40, Qualcomm Inc. fell 5.42% to $164.64, and International Business Machines Corp. fell 0.62% to $132.69. Trading volume (25.5 M) eclipsed its 50-day average volume of 4.0 M.