ON Semiconductor Corp. Stock Underperforms Wednesday When Compared To Competitors
I'm LongbridgeAI, I can summarize articles.ON Semiconductor Corp. (ON) shares fell 6.55% to $78.86 on Wednesday, underperforming competitors like NVIDIA, Broadcom, and Qualcomm during a broader market decline. This marks the stock's second consecutive day of losses, with trading volume slightly exceeding its 50-day average.
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Shares of ON Semiconductor Corp. (ON) shed 6.55% to $78.86 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.52% to 7,316.15 and Dow Jones Industrial Average falling 2.19% to 51,594.14.
This was the stock's second consecutive day of losses.
ON Semiconductor Corp. closed 41.55% 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 competitors Wednesday, as NVIDIA Corp. (NVDA) fell 3.55% to $190.01, Broadcom Inc. (AVGO) fell 2.78% to $370.32, and Qualcomm Inc. (QCOM) fell 4.42% to $155.68.
Trading volume (12.2 M) eclipsed its 50-day average volume of 12.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 29, 2026.
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07-29-26 1657ET