DJ Analog Devices Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Analog Devices Inc. $(ADI)$ slid 3.06% to $212.84 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.02% to 5,985.38 and the Dow Jones Industrial Average rising 0.11% to 43,958.19.
This was the stock's fourth consecutive day of losses.
Analog Devices Inc. closed $31.30 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 Wednesday, as Broadcom Inc. $(AVGO)$ fell 1.50% to $173.58, Texas Instruments Inc. $(TXN)$ fell 3.32% to $205.72, and KLA Corp. $(KLAC)$ fell 3.04% to $644.55.
Trading volume (4.5 M) eclipsed its 50-day average volume of 2.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 13, 2024.
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(END) Dow Jones Newswires
November 13, 2024 16:42 ET (21:42 GMT)
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