DJ Analog Devices Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Analog Devices Inc. $(ADI)$ advanced 3.98% to $226.25 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 2.53% to 5,929.04 and the Dow Jones Industrial Average rising 3.57% to 43,729.93.
The stock's rise snapped a two-day losing streak.
Analog Devices Inc. closed $17.89 short of its 52-week high ($244.14), which the company reached on July 17th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Broadcom Inc. $(AVGO)$ rose 3.25% to $179.55, Texas Instruments Inc. $(TXN)$ rose 6.18% to $214.97, and KLA Corp. $(KLAC)$ fell 0.10% to $669.66.
Trading volume (3.6 M) eclipsed its 50-day average volume of 2.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 6, 2024.
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(END) Dow Jones Newswires
November 06, 2024 16:43 ET (21:43 GMT)
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