DJ Analog Devices Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains
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Shares of Analog Devices Inc. $(ADI)$ advanced 1.45% to $229.47 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.12% to 5,842.63 and the Dow Jones Industrial Average rising 1.14% to 43,006.59.
The stock's rise snapped a two-day losing streak.
Analog Devices Inc. closed 7.13% below its 52-week high of $247.10, which the company reached on February 20th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Broadcom Inc. $(AVGO)$ rose 2.19% to $191.58, Texas Instruments Inc. $(TXN)$ rose 0.37% to $195.57, and KLA Corp. $(KLAC)$ rose 2.40% to $715.81.
Trading volume (3.5 M) remained 186,149 below its 50-day average volume of 3.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 5, 2025.
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(END) Dow Jones Newswires
March 05, 2025 16:39 ET (21:39 GMT)
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