DJ Analog Devices Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Analog Devices Inc. $(ADI)$ advanced 2.12% to $220.44 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.16% to 5,918.25 and the Dow Jones Industrial Average rising 0.25% to 42,635.20.
Analog Devices Inc. closed $23.70 below its 52-week high ($244.14), which the company achieved on July 17th.
The stock outperformed some of its competitors Wednesday, as Broadcom Inc. $(AVGO)$ rose 0.29% to $229.31, Texas Instruments Inc. $(TXN)$ fell 0.29% to $191.66, and KLA Corp. $(KLAC)$ fell 0.45% to $686.20.
Trading volume (3.0 M) remained 53,539 below its 50-day average volume of 3.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 8, 2025.
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January 08, 2025 16:42 ET (21:42 GMT)
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