Analog Devices Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Analog Devices Inc. (ADI) slid 0.98% to $181.76 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.45% to 3,861.59 and Dow Jones Industrial Average falling 1.07% to 31,909.64. This was the stock's second consecutive day of losses. Analog Devices Inc. closed $14.65 below its 52-week high ($196.41), which the company achieved on February 15th.
Despite its losses, the stock outperformed some of its competitors Friday, as Broadcom Inc. (AVGO) fell 1.24% to $614.83, Texas Instruments Inc. (TXN) fell 1.04% to $171.64, and KLA Corp. (KLAC) fell 2.90% to $367.51.true Trading volume (3.1 M) remained 157,982 below its 50-day average volume of 3.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 10, 2023.
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March 10, 2023 16:34 ET (21:34 GMT)
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