DJ Analog Devices Inc. Stock Underperforms Monday When Compared To Competitors Despite Daily Gains
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Shares of Analog Devices Inc. $(ADI)$ inched 0.27% higher to $212.95 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.16% to 5,836.22 and the Dow Jones Industrial Average rising 0.86% to 42,297.12.
Analog Devices Inc. closed $31.19 short of its 52-week high ($244.14), which the company reached on July 17th.
The stock underperformed when compared to some of its competitors Monday, as Broadcom Inc. $(AVGO)$ rose 0.44% to $225.29, Texas Instruments Inc. $(TXN)$ rose 0.49% to $191.09, and KLA Corp. $(KLAC)$ rose 1.16% to $690.99.
Trading volume (3.6 M) eclipsed its 50-day average volume of 3.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 13, 2025.
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(END) Dow Jones Newswires
January 13, 2025 16:41 ET (21:41 GMT)
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