Analog Devices Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Analog Devices Inc. (ADI) slipped 0.31% to $184.94 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.53% to 3,986.37 and Dow Jones Industrial Average falling 1.72% to 32,856.46. This was the stock's second consecutive day of losses. Analog Devices Inc. closed $11.47 short of its 52-week high ($196.41), which the company reached on February 15th.
Despite its losses, the stock outperformed some of its competitors Tuesday, as Broadcom Inc. (AVGO) fell 1.23% to $625.15, Texas Instruments Inc. (TXN) fell 0.57% to $172.06, and KLA Corp. (KLAC) fell 1.12% to $375.40.true Trading volume (2.4 M) remained 837,509 below its 50-day average volume of 3.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 7, 2023.
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March 07, 2023 16:35 ET (21:35 GMT)
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