Analog Devices Inc
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Information Technology : Semiconductors & Semiconductor Equipment | Large Cap Blend
Company profile

Analog Devices, Inc. (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products. The Company is a supplier of data converter products. The Company is a supplier of high-performance amplifiers. Its analog product line also includes products of high performance radio frequency (RF) ICs. The Company's DSPs are used for high-speed numeric calculations. The Company offers its products for applications in various end markets, such as industrial, automotive, consumer and communications. The Company operates in the United States, Rest of North/South America, Europe, Japan and China.

Postmarket

Last Trade
Delayed
$156.38
2.09 (1.35%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$154.29
Day's Change
-4.30 (-2.71%)
Bid close
--
Ask close
--
B/A Size
--
Day's High
159.41
Day's Low
154.03
Volume
(Below Average)
Volume:
3,016,479

10-day average volume:
3,526,468
3,016,479

Airline stocks blast off after upbeat news on potential COVID-19 vaccine

8:04 am ET November 9, 2020 (MarketWatch)
Print

Tomi Kilgore

American Airlines stock leads the sector with a 25% premarket rally

Shares of airline companies blasted off Monday, after upbeat news on a potential COVID-19 vaccine candidate from Pfizer Inc. and BioNTech SE gave investors hope for a quick recovery in business and leisure travel.

The U.S. Global Jets exchange-traded fund (JETS) shot up 18.9% in premarket trading, putting it on track to open at the highest price seen during regular-session hours in five months.

The air carrier rally comes amid a big surge in the broader stock market, with futures for the Dow Jones Industrial Average soaring nearly 1,500 points, or 5.3%. See Market Snapshot (https://www.marketwatch.com/story/dow-futures-soar-1-500-points-after-pfizer-biontech-say-coronavirus-vaccine-candidate-90-effective-11604924582).

American Airlines Group Inc.'s (AAL) stock paced the sectors gainers, rocketing 23.8% toward a three-month high on volume of about 11 million shares.

Among other more-active air carrier shares, United Airlines Holdings Inc. (UAL) ran up 17.1%, Delta Air Lines Inc. (DAL) powered up 18.1%, Spirit Airlines Inc. (SAVE) surged 21.1%, Southwest Airlines Co. (LUV) hiked up 15.7% and JetBlue Airways Corp. (JBLU) rallied 18.0%.

Earlier, Pfizer (PFE) and BioNTech (BNTX) said their COVID-19 vaccine candidate BNT162b2 achieved "success" (https://www.marketwatch.com/story/biontech-pfizer-stocks-soar-after-covid-19-vaccine-candidate-achieves-success-in-first-analysis-2020-11-09) in the first interim analysis from a Phase 3 study, as it was found 90% effective in preventing COVID-19 in trial participants without previous evidence of SARS-CoV-2 infection.

Airlines had been among the hardest hit sectors by the COVID-19 pandemic. Although travel has steadily increased since April, a recent surge in new cases (https://www.marketwatch.com/story/coronavirus-tally-global-cases-of-covid-19-top-50-million-with-us-case-tally-near-10-million-2020-11-09) has led to new lockdowns in Europe and raised fears of similar moves in the U.S.

The Jets ETF has gained 6.6% over the past three months through Friday, but was still down 43.7% year to date. In comparison, the S&P 500 index has tacked on 4.7% the past three months and has advanced 8.6% this year.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

November 09, 2020 08:04 ET (13:04 GMT)

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