Analog Devices Inc. Stock Outperforms Market On Strong Trading Day
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Shares of Analog Devices Inc. (ADI) rose 1.03% to $185.65 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.53% to 4,012.32 and the Dow Jones Industrial Average rising 0.33% to 33,153.91. The stock's rise snapped a four-day losing streak. Analog Devices Inc. closed $10.76 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 Thursday, as Broadcom Inc. (AVGO) rose 1.32% to $583.80, Texas Instruments Inc. (TXN) rose 1.19% to $171.82, and KLA Corp. (KLAC) rose 2.81% to $388.37. Trading volume (4.5 M) eclipsed its 50-day average volume of 3.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 23, 2023.
(END) Dow Jones Newswires
February 23, 2023 16:34 ET (21:34 GMT)
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