DJ Analog Devices Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Analog Devices Inc. $(ADI)$ shed 2.17% to $230.12 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.33% to 5,813.67 and Dow Jones Industrial Average falling 0.22% to 42,141.54.
Analog Devices Inc. closed $14.02 below its 52-week high ($244.14), which the company reached on July 17th.
The stock underperformed when compared to some of its competitors Wednesday, as Broadcom Inc. $(AVGO)$ fell 1.45% to $176.64, Texas Instruments Inc. $(TXN)$ fell 1.62% to $207.93, and KLA Corp. $(KLAC)$ fell 0.64% to $691.80.
Trading volume (2.1 M) remained 696,703 below its 50-day average volume of 2.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 30, 2024.
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(END) Dow Jones Newswires
October 30, 2024 16:41 ET (20:41 GMT)
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