Analog Devices Inc. Stock Underperforms Thursday When Compared To Competitors
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Shares of Analog Devices Inc. (ADI) slid 1.61% to $183.56 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.85% to 3,918.32 and Dow Jones Industrial Average falling 1.66% to 32,254.86. Analog Devices Inc. closed $12.85 short of 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 Thursday, as Broadcom Inc. (AVGO) fell 1.54% to $622.52, Texas Instruments Inc. (TXN) fell 1.58% to $173.44, and KLA Corp. (KLAC) fell 2.31% to $378.47. Trading volume (3.6 M) eclipsed its 50-day average volume of 3.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 9, 2023.
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March 09, 2023 16:34 ET (21:34 GMT)
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