DJ Analog Devices Inc. Stock Underperforms Friday When Compared To Competitors Despite Daily Gains
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Shares of Analog Devices Inc. $(ADI)$ advanced 1.93% to $219.16 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.00% to 5,996.66 and the Dow Jones Industrial Average rising 0.78% to 43,487.83.
Analog Devices Inc. closed 10.23% below its 52-week high of $244.14, which the company achieved on July 17th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Broadcom Inc. $(AVGO)$ rose 3.50% to $237.44, Texas Instruments Inc. $(TXN)$ rose 2.70% to $192.42, and KLA Corp. $(KLAC)$ rose 1.37% to $757.47.
Data source: Dow Jones Market Data, FactSet. Data compiled January 17, 2025.
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(END) Dow Jones Newswires
January 17, 2025 16:38 ET (21:38 GMT)
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