Analog Devices Inc. Stock Rises Thursday, Outperforms Market
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Shares of Analog Devices Inc. (ADI) inched 0.81% higher to $184.59 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.76% to 3,981.35 and the Dow Jones Industrial Average rising 1.05% to 33,003.57. Analog Devices Inc. closed $11.82 short of 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 Thursday, as Broadcom Inc. (AVGO) rose 0.86% to $598.65, Texas Instruments Inc. (TXN) rose 1.11% to $174.08, and KLA Corp. (KLAC) fell 0.01% to $378.31. Trading volume (2.9 M) remained 452,686 below its 50-day average volume of 3.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 2, 2023.
(END) Dow Jones Newswires
March 02, 2023 16:34 ET (21:34 GMT)
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