DJ Analog Devices Inc. Stock Underperforms Friday When Compared To Competitors
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Shares of Analog Devices Inc. $(ADI)$ dropped 0.86% to $225.80 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.38% to 5,995.54 and the Dow Jones Industrial Average rising 0.59% to 43,988.99.
The stock's fall snapped a two-day winning streak.
Analog Devices Inc. closed $18.34 short of its 52-week high ($244.14), which the company reached on July 17th.
The stock underperformed when compared to some of its competitors Friday, as Broadcom Inc. $(AVGO)$ fell 0.09% to $183.64, Texas Instruments Inc. $(TXN)$ rose 1.26% to $220.29, and KLA Corp. $(KLAC)$ rose 0.18% to $687.41.
Trading volume (3.0 M) eclipsed its 50-day average volume of 2.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 8, 2024.
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(END) Dow Jones Newswires
November 08, 2024 16:42 ET (21:42 GMT)
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