Analog Devices Inc. Stock Rises Friday, Still Underperforms Market
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Shares of Analog Devices Inc. (ADI) inched 0.90% higher to $186.25 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.61% to 4,045.64 and the Dow Jones Industrial Average rising 1.17% to 33,390.97. This was the stock's second consecutive day of gains. Analog Devices Inc. closed $10.16 below its 52-week high ($196.41), which the company reached on February 15th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Broadcom Inc. (AVGO) rose 5.70% to $632.76, Texas Instruments Inc. (TXN) rose 0.92% to $175.68, and KLA Corp. (KLAC) rose 0.85% to $381.53. Trading volume (3.1 M) remained 124,550 below its 50-day average volume of 3.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 3, 2023.
(END) Dow Jones Newswires
March 03, 2023 16:35 ET (21:35 GMT)
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