Analog Devices Inc. Stock Underperforms Tuesday When Compared To Competitors Despite Daily Gains
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Shares of Analog Devices Inc. (ADI) rose 2.21% to $186.58 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.68% to 3,920.56 and the Dow Jones Industrial Average rising 1.06% to 32,155.40. This was the stock's second consecutive day of gains. Analog Devices Inc. closed $9.83 short of 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 Tuesday, as Broadcom Inc. (AVGO) rose 2.59% to $632.46, Texas Instruments Inc. (TXN) rose 1.06% to $175.73, and KLA Corp. (KLAC) rose 3.89% to $379.02. Trading volume (3.8 M) eclipsed its 50-day average volume of 3.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 14, 2023.
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March 14, 2023 20:33 ET (00:33 GMT)
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