DJ Analog Devices Inc. Stock Underperforms Monday When Compared To Competitors Despite Daily Gains
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Shares of Analog Devices Inc. $(ADI)$ advanced 2.33% to $223.12 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.24% to 6,047.15 and the Dow Jones Industrial Average falling 0.29% to 44,782.00.
This was the stock's second consecutive day of gains.
Analog Devices Inc. closed $21.02 below 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 Monday, as Broadcom Inc. $(AVGO)$ rose 2.73% to $166.51, Texas Instruments Inc. $(TXN)$ rose 0.37% to $201.78, and KLA Corp. $(KLAC)$ rose 2.94% to $666.03.
Trading volume (3.2 M) eclipsed its 50-day average volume of 2.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 2, 2024.
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(END) Dow Jones Newswires
December 02, 2024 16:43 ET (21:43 GMT)
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