DJ Analog Devices Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Analog Devices Inc. $(ADI)$ rose 2.31% to $193.33 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.86% to 5,248.49 and the Dow Jones Industrial Average rising 1.22% to 39,760.08.
The stock's rise snapped a three-day losing streak.
Analog Devices Inc. closed $9.44 below its 52-week high ($202.77), which the company reached on December 15th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Broadcom Inc. $(AVGO)$ fell 0.96% to $1,318.73, Texas Instruments Inc. $(TXN)$ rose 2.95% to $172.87, and KLA Corp. $(KLAC)$ rose 1.23% to $696.87.
Trading volume (2.3 M) remained 1.2 million below its 50-day average volume of 3.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 27, 2024.
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(END) Dow Jones Newswires
March 27, 2024 16:44 ET (20:44 GMT)
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