DJ Analog Devices Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Analog Devices Inc. $(ADI)$ slid 1.26% to $205.21 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.95% to 6,025.99 and Dow Jones Industrial Average falling 0.99% to 44,303.40.
This was the stock's second consecutive day of losses.
Analog Devices Inc. closed 15.95% short of its 52-week high of $244.14, which the company achieved on July 17th.
Despite its losses, the stock outperformed some of its competitors Friday, as Broadcom Inc. $(AVGO)$ fell 2.81% to $224.87, Texas Instruments Inc. $(TXN)$ fell 1.79% to $180.00, and KLA Corp. $(KLAC)$ fell 1.85% to $747.70.
Trading volume (3.1 M) remained 155,426 below its 50-day average volume of 3.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 7, 2025.
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(END) Dow Jones Newswires
February 07, 2025 16:39 ET (21:39 GMT)
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