Analog Devices Inc. Stock Rises Tuesday, Still Underperforms Market
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Shares of Analog Devices Inc. (ADI) inched 0.72% higher to $188.40 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.30% to 4,002.87 and the Dow Jones Industrial Average rising 0.98% to 32,560.60. This was the stock's second consecutive day of gains. Analog Devices Inc. closed $8.01 short of its 52-week high ($196.41), which the company achieved on February 15th.
The stock outperformed some of its competitors Tuesday, as Broadcom Inc. (AVGO) fell 0.37% to $636.75, Texas Instruments Inc. (TXN) fell 0.42% to $178.41, and KLA Corp. (KLAC) fell 1.25% to $385.06. Trading volume (3.2 M) remained 259,649 below its 50-day average volume of 3.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 21, 2023.
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March 21, 2023 16:34 ET (20:34 GMT)
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