DJ Analog Devices Inc. Stock Underperforms Monday When Compared To Competitors Despite Daily Gains
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Shares of Analog Devices Inc. $(ADI)$ rose 1.22% to $218.00 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.55% to 5,975.38 and the Dow Jones Industrial Average falling 0.06% to 42,706.56.
This was the stock's second consecutive day of gains.
Analog Devices Inc. closed $26.14 short of its 52-week high ($244.14), which the company reached on July 17th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Broadcom Inc. $(AVGO)$ rose 1.66% to $236.41, Texas Instruments Inc. $(TXN)$ rose 0.88% to $192.18, and KLA Corp. $(KLAC)$ rose 5.07% to $690.30.
Trading volume (2.5 M) remained 611,185 below its 50-day average volume of 3.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 6, 2025.
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(END) Dow Jones Newswires
January 06, 2025 16:42 ET (21:42 GMT)
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