Analog Devices Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Analog Devices Inc. (ADI) inched 0.43% higher to $182.55 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.15% to 3,855.76 and Dow Jones Industrial Average falling 0.28% to 31,819.14. The stock's rise snapped a two-day losing streak. Analog Devices Inc. closed $13.86 below 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 0.27% to $616.47, Texas Instruments Inc. (TXN) rose 1.31% to $173.89, and KLA Corp. (KLAC) fell 0.73% to $364.82. Trading volume (3.3 M) remained 53,854 below its 50-day average volume of 3.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 13, 2023.
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March 13, 2023 16:35 ET (20:35 GMT)
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