Analog Devices Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Analog Devices Inc. (ADI) shed 1.19% to $183.76 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.16% to 3,991.05 and Dow Jones Industrial Average falling 0.26% to 33,045.09. This was the stock's fourth consecutive day of losses. Analog Devices Inc. closed $12.65 short of its 52-week high ($196.41), which the company achieved on February 15th.
The stock underperformed when compared to some of its competitors Wednesday, as Broadcom Inc. (AVGO) fell 0.92% to $576.17, Texas Instruments Inc. (TXN) fell 0.56% to $169.80, and KLA Corp. (KLAC) fell 0.16% to $377.75. Trading volume (3.5 M) eclipsed its 50-day average volume of 3.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 22, 2023.
(END) Dow Jones Newswires
February 22, 2023 16:34 ET (21:34 GMT)
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