Analog Devices Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Analog Devices Inc. (ADI) rose 2.02% to $186.63 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.76% to 3,960.28 and the Dow Jones Industrial Average rising 1.17% to 32,246.55. Analog Devices Inc. closed $9.78 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 Thursday, as Broadcom Inc. (AVGO) rose 1.67% to $636.50, Texas Instruments Inc. (TXN) rose 1.57% to $177.13, and KLA Corp. (KLAC) rose 5.29% to $389.90. Trading volume (3.7 M) eclipsed its 50-day average volume of 3.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 16, 2023.
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March 16, 2023 16:35 ET (20:35 GMT)
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