DJ Analog Devices Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Analog Devices Inc. $(ADI)$ slipped 2.36% to $220.47 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.10% to 6,001.35 and the Dow Jones Industrial Average rising 0.69% to 44,293.13.
This was the stock's second consecutive day of losses.
Analog Devices Inc. closed $23.67 below its 52-week high ($244.14), which the company achieved on July 17th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Broadcom Inc. $(AVGO)$ fell 2.58% to $178.91, Texas Instruments Inc. $(TXN)$ fell 2.01% to $215.87, and KLA Corp. $(KLAC)$ fell 3.11% to $666.03.
Trading volume (3.1 M) eclipsed its 50-day average volume of 2.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 11, 2024.
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(END) Dow Jones Newswires
November 11, 2024 16:42 ET (21:42 GMT)
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