DJ Analog Devices Inc. Stock Underperforms Monday When Compared To Competitors Despite Daily Gains
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Shares of Analog Devices Inc. $(ADI)$ advanced 4.09% to $171.34 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.23% to 5,062.25 and Dow Jones Industrial Average falling 0.91% to 37,965.60.
The stock's rise snapped a two-day losing streak.
Analog Devices Inc. closed 30.66% short of its 52-week high of $247.10, which the company achieved on February 20th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Broadcom Inc. $(AVGO)$ rose 5.37% to $154.14, Texas Instruments Inc. $(TXN)$ rose 1.72% to $154.00, and KLA Corp. $(KLAC)$ rose 4.87% to $604.62.
Trading volume (10.1 M) eclipsed its 50-day average volume of 4.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 7, 2025.
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(END) Dow Jones Newswires
April 07, 2025 16:40 ET (20:40 GMT)
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