Analog Devices Inc. Stock Outperforms Market On Strong Trading Day
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Shares of Analog Devices Inc. (ADI) inched 0.88% higher to $186.57 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.14% to 3,992.01 and the Dow Jones Industrial Average falling 0.18% to 32,798.40. The stock's rise snapped a two-day losing streak. Analog Devices Inc. closed $9.84 short of its 52-week high ($196.41), which the company achieved on February 15th.
The stock underperformed when compared to some of its competitors Wednesday, as Broadcom Inc. (AVGO) rose 1.14% to $632.26, Texas Instruments Inc. (TXN) rose 2.42% to $176.22, and KLA Corp. (KLAC) rose 3.20% to $387.41. Trading volume (3.2 M) remained 77,669 below its 50-day average volume of 3.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 8, 2023.
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March 08, 2023 16:34 ET (21:34 GMT)
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