ON Semiconductor Corp. Stock Sheds 4.8%, Underperforms Peers
Dow Jones2026/08/05 20:35This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of ON Semiconductor Corp. slid 4.8% to $76.91 on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.5% to 54,349.12 and the S&P 500 Index falling 0.2% to 7,723.55.
ON Semiconductor Corp. closed 43.0% below its 52-week high of $134.92, which the company achieved on June 3rd.
The stock underperformed when compared to some of its peers, as NVIDIA Corp. rose 3.4% to $219.22, Broadcom Inc. remained unchanged, and Qualcomm Inc. fell 3.16% to $157.53.
Trading volume totaled 17.3 million, compared to the 50-day average of 12.5 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
August 05, 2026 16:35 ET (20:35 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
As US Treasury yields rise, the cost of borrowing short-term Treasuries surges, with traders aggressively building short positions
The US Treasury will conduct auctions of two-year, five-year, and seven-year Treasury bonds next week. Currently, traders are racing to borrow bonds to short them, driving the borrowing costs for short-term Treasuries sharply higher. On Friday, the overnight repo rate for borrowing the current two-year Treasury was about 0.79%, while the rate for the five-year even dropped to as low as -0.85%. In contrast, the repo rate for regular Treasuries was around 3.88%.
Concentrix EVP Cormac Twomey to step down effective Dec. 31, 2026
Accenture, Anthropic To Build Embedded AI Evaluator Team
VO ETF Falls 0.2%