Analog Devices Inc. Stock Outperforms Market Despite Losses On The Day
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Shares of Analog Devices Inc. (ADI) shed 0.95% to $186.61 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.65% to 3,936.97 and Dow Jones Industrial Average falling 1.63% to 32,030.11. The stock's fall snapped a two-day winning streak. Analog Devices Inc. closed $9.80 below 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 0.92% to $630.92, Texas Instruments Inc. (TXN) fell 1.17% to $176.32, and KLA Corp. (KLAC) fell 0.83% to $381.86. Trading volume (3.4 M) remained 39,292 below its 50-day average volume of 3.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 22, 2023.
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March 22, 2023 16:35 ET (20:35 GMT)
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