Analog Devices Inc. Stock Rises Monday, Still Underperforms Market
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Analog Devices Inc. (ADI) inched 0.65% higher to $187.06 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.89% to 3,951.57 and the Dow Jones Industrial Average rising 1.20% to 32,244.58. Analog Devices Inc. closed $9.35 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 Monday, as Broadcom Inc. (AVGO) rose 2.02% to $643.71, Texas Instruments Inc. (TXN) rose 1.96% to $179.16, and KLA Corp. (KLAC) rose 0.56% to $389.94. Trading volume (2.9 M) remained 592,782 below its 50-day average volume of 3.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 20, 2023.
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
March 20, 2023 16:34 ET (20:34 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.