Analog Devices Inc. Stock Underperforms Monday When Compared To Competitors
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Shares of Analog Devices Inc. (ADI) slipped 0.39% to $185.52 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.07% to 4,048.42 and the Dow Jones Industrial Average rising 0.12% to 33,431.44. The stock's fall snapped a two-day winning streak. Analog Devices Inc. closed $10.89 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 Monday, as Broadcom Inc. (AVGO) rose 0.03% to $632.92, Texas Instruments Inc. (TXN) fell 1.50% to $173.05, and KLA Corp. (KLAC) fell 0.49% to $379.67. Trading volume (2.6 M) remained 598,096 below its 50-day average volume of 3.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 6, 2023.
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March 06, 2023 16:34 ET (21:34 GMT)
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