Analog Devices Inc. Stock Underperforms Tuesday When Compared To Competitors
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Shares of Analog Devices Inc. (ADI) slid 3.50% to $185.97 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 2.00% to 3,997.34 and Dow Jones Industrial Average falling 2.06% to 33,129.59. This was the stock's third consecutive day of losses. Analog Devices Inc. closed $10.44 short of its 52-week high ($196.41), which the company reached on February 15th.
The stock underperformed when compared to some of its competitors Tuesday, as Broadcom Inc. (AVGO) fell 2.36% to $581.54, Texas Instruments Inc. (TXN) fell 2.60% to $170.76, and KLA Corp. (KLAC) fell 2.47% to $378.34. Trading volume (4.9 M) eclipsed its 50-day average volume of 3.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 21, 2023.
(END) Dow Jones Newswires
February 21, 2023 16:34 ET (21:34 GMT)
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