Analog Devices Inc. Stock Rises Monday, Still Underperforms Market
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Shares of Analog Devices Inc. (ADI) inched 0.13% higher to $183.17 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.31% to 3,982.24 and the Dow Jones Industrial Average rising 0.22% to 32,889.09. Analog Devices Inc. closed $13.24 below its 52-week high ($196.41), which the company achieved on February 15th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Broadcom Inc. (AVGO) rose 1.33% to $585.45, Texas Instruments Inc. (TXN) rose 0.95% to $170.74, and KLA Corp. (KLAC) fell 0.20% to $379.09. Trading volume (2.8 M) remained 639,144 below its 50-day average volume of 3.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 27, 2023.
(END) Dow Jones Newswires
February 27, 2023 16:34 ET (21:34 GMT)
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