Analog Devices Inc. Stock Outperforms Market Despite Losses On The Day
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Shares of Analog Devices Inc. (ADI) slipped 0.42% to $185.85 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.10% to 3,916.64 and Dow Jones Industrial Average falling 1.19% to 31,861.98. Analog Devices Inc. closed $10.56 below its 52-week high ($196.41), which the company reached on February 15th.
Despite its losses, the stock outperformed some of its competitors Friday, as Broadcom Inc. (AVGO) fell 0.87% to $630.97, Texas Instruments Inc. (TXN) fell 0.80% to $175.71, and KLA Corp. (KLAC) fell 0.55% to $387.75.true Trading volume (6.2 M) eclipsed its 50-day average volume of 3.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 17, 2023.
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March 17, 2023 16:34 ET (20:34 GMT)
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