DJ Analog Devices Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains
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Shares of Analog Devices Inc. $(ADI)$ rose 1.84% to $209.80 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.39% to 6,061.48 and the Dow Jones Industrial Average rising 0.71% to 44,873.28.
This was the stock's second consecutive day of gains.
Analog Devices Inc. closed 14.07% short of 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 Wednesday, as Broadcom Inc. $(AVGO)$ rose 4.30% to $232.00, Texas Instruments Inc. $(TXN)$ rose 0.57% to $181.59, and KLA Corp. $(KLAC)$ rose 1.31% to $759.15.
Trading volume (4.4 M) eclipsed its 50-day average volume of 3.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 5, 2025.
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February 05, 2025 16:39 ET (21:39 GMT)
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