Analog Devices Inc. Stock Underperforms Thursday When Compared To Competitors
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Shares of Analog Devices Inc. (ADI) slipped 1.20% to $193.83 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.38% to 4,090.41 and Dow Jones Industrial Average falling 1.26% to 33,696.85. The stock's fall snapped a three-day winning streak. Analog Devices Inc. closed $2.58 short of its 52-week high ($196.41), which the company achieved on February 15th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Broadcom Inc. (AVGO) fell 1.18% to $600.54, Texas Instruments Inc. (TXN) fell 1.36% to $176.08, and KLA Corp. (KLAC) fell 2.88% to $392.83. Trading volume (4.5 M) eclipsed its 50-day average volume of 3.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 16, 2023.
(END) Dow Jones Newswires
February 16, 2023 16:34 ET (21:34 GMT)
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