DJ Analog Devices Inc. Stock Outperforms Competitors Despite Losses On The Day
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Analog Devices Inc. $(ADI)$ slipped 0.76% to $214.12 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.21% to 5,297.10 and Dow Jones Industrial Average falling 0.10% to 39,869.38.
The stock's fall snapped a four-day winning streak.
Analog Devices Inc. closed $1.78 below its 52-week high ($215.90), which the company reached on May 15th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Broadcom Inc. $(AVGO)$ fell 1.67% to $1,412.13, Texas Instruments Inc. $(TXN)$ fell 0.29% to $194.97, and KLA Corp. $(KLAC)$ fell 1.35% to $749.48.
Trading volume (2.8 M) remained 396,794 below its 50-day average volume of 3.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 16, 2024.
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
May 16, 2024 16:43 ET (20:43 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Comments