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 1.61% to $186.31 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.87% to 5,010.60 and the Dow Jones Industrial Average rising 0.67% to 38,239.98.
The stock's rise snapped a three-day losing streak.
Analog Devices Inc. closed $17.89 below its 52-week high ($204.20), which the company reached on April 9th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Broadcom Inc. $(AVGO)$ rose 1.64% to $1,224.46, Texas Instruments Inc. $(TXN)$ rose 2.35% to $163.43, and KLA Corp. $(KLAC)$ rose 0.87% to $633.64.
Data source: Dow Jones Market Data, FactSet. Data compiled April 22, 2024.
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April 22, 2024 16:44 ET (20:44 GMT)
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