Analog Devices Inc. Stock Rises Tuesday, Outperforms Market
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Shares of Analog Devices Inc. (ADI) inched 0.16% higher to $183.47 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.30% to 3,970.15 and Dow Jones Industrial Average falling 0.71% to 32,656.70. This was the stock's second consecutive day of gains. Analog Devices Inc. closed $12.94 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 Tuesday, as Broadcom Inc. (AVGO) rose 1.51% to $594.29, Texas Instruments Inc. (TXN) rose 0.42% to $171.45, and KLA Corp. (KLAC) rose 0.08% to $379.38. Trading volume (2.6 M) remained 739,834 below its 50-day average volume of 3.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 28, 2023.
(END) Dow Jones Newswires
February 28, 2023 16:35 ET (21:35 GMT)
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