Analog Devices Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Analog Devices Inc. (ADI) slid 0.58% to $192.71 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.39% to 33,826.69 and the S&P 500 Index falling 0.28% to 4,079.09. This was the stock's second consecutive day of losses. Analog Devices Inc. closed $3.70 short of its 52-week high ($196.41), which the company reached on February 15th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Broadcom Inc. (AVGO) fell 0.82% to $595.59, Texas Instruments Inc. (TXN) fell 0.43% to $175.32, and KLA Corp. (KLAC) fell 1.25% to $387.92. Trading volume (3.7 M) eclipsed its 50-day average volume of 3.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 17, 2023.
(END) Dow Jones Newswires
February 17, 2023 16:35 ET (21:35 GMT)
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