Skyworks Solutions stock tumbles nearly 12% in regular session as SWKS slides on CES week
Skyworks Solutions shares fell 11.8% to $58.44 Wednesday, hitting a low of $58.17 with no clear catalyst. The drop follows recent gains and comes as the company pursues a $22 billion merger with Qorvo, still pending regulatory and shareholder approval. Qorvo shares dropped 8.7%. Skyworks last forecast quarterly revenue above analyst estimates.