DJ Analog Devices Inc. Stock Underperforms Tuesday When Compared To Competitors Despite Daily Gains
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Shares of Analog Devices Inc. $(ADI)$ rallied 1.04% to $221.45 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.88% to 6,049.24 and the Dow Jones Industrial Average rising 1.24% to 44,025.81.
This was the stock's second consecutive day of gains.
Analog Devices Inc. closed 9.29% below its 52-week high of $244.14, which the company achieved on July 17th.
The stock underperformed when compared to some of its competitors Tuesday, as Broadcom Inc. $(AVGO)$ rose 1.21% to $240.31, Texas Instruments Inc. $(TXN)$ rose 1.46% to $195.23, and KLA Corp. $(KLAC)$ rose 1.29% to $767.24.
Trading volume (3.7 M) eclipsed its 50-day average volume of 3.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 21, 2025.
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January 21, 2025 16:38 ET (21:38 GMT)
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