Published on 12 Jan 2022 on Market Watch
Qorvo Inc. stock rises Wednesday, outperforms market
Shares of Qorvo Inc. inched 0.74% higher to $152.84 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.28% to 4,726.35 and the Dow Jones Industrial Average rising 0.11% to 36,290.32. This was the stock's second consecutive day of gains. Qorvo Inc. closed $48.84 below its 52-week high ($201.68), which the company reached on April 29th.
The stock outperformed some of its competitors Wednesday, as Analog Devices Inc. rose 0.07% to $173.75 and Skyworks Solutions Inc. rose 0.01% to $156.11. Trading volume (758,584) remained 682,268 below its 50-day average volume of 1.4 M.