Analog Devices Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Analog Devices Inc. (ADI) slipped 1.96% to $182.93 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.70% to 3,891.93 and Dow Jones Industrial Average falling 0.87% to 31,874.57. The stock's fall snapped a two-day winning streak. Analog Devices Inc. closed $13.48 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 Wednesday, as Broadcom Inc. (AVGO) fell 1.02% to $626.04, Texas Instruments Inc. (TXN) fell 0.76% to $174.39, and KLA Corp. (KLAC) fell 2.30% to $370.31. 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 15, 2023.
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March 15, 2023 16:35 ET (20:35 GMT)
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