Analog Devices Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Analog Devices Inc. (ADI) rose 1.52% to $189.45 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.30% to 3,948.72 and the Dow Jones Industrial Average rising 0.23% to 32,105.25. Analog Devices Inc. closed $6.96 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 Thursday, as Broadcom Inc. (AVGO) rose 1.32% to $639.23, Texas Instruments Inc. (TXN) rose 2.25% to $180.28, and KLA Corp. (KLAC) rose 1.82% to $388.81. Trading volume (2.7 M) remained 796,283 below its 50-day average volume of 3.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 23, 2023.
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March 23, 2023 16:34 ET (20:34 GMT)
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