Tiger Brokers

On Semiconductor Corp. Stock Falls 4.7%, Underperforms Peers

Dow Jones
Aug 19

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

Shares of ON Semiconductor Corp. shed 4.7% to $79.42 on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.7% to 7,691.76 and Dow Jones Industrial Average falling 0.2% to 53,343.40.

The stock's fall snapped a two-day winning streak.

ON Semiconductor Corp. closed 41.1% short of 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 2.3% to $219.74, Broadcom Inc. fell 3.2% to $380.00, and Qualcomm Inc. fell 1.23% to $160.19.

Trading volume totaled 10.8 million, compared to the 50-day average of 12.0 million.

Data source: Dow Jones Market Data, FactSet

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