Analog Devices Inc. Stock Falls Friday, Still Outperforms Market
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Shares of Analog Devices Inc. (ADI) slipped 1.00% to $182.94 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.05% to 3,970.04 and Dow Jones Industrial Average falling 1.02% to 32,816.92. Analog Devices Inc. closed $13.47 short of its 52-week high ($196.41), which the company achieved on February 15th.
Despite its losses, the stock outperformed some of its competitors Friday, as Broadcom Inc. (AVGO) fell 1.04% to $577.75, Texas Instruments Inc. (TXN) fell 1.56% to $169.14, and KLA Corp. (KLAC) fell 2.19% to $379.85.true Trading volume (3.1 M) remained 264,636 below its 50-day average volume of 3.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 24, 2023.
(END) Dow Jones Newswires
February 24, 2023 16:34 ET (21:34 GMT)
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