DJ Analog Devices Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Analog Devices Inc. $(ADI)$ slid 1.46% to $218.30 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.61% to 6,086.49 and the Dow Jones Industrial Average rising 0.69% to 45,014.04.
This was the stock's second consecutive day of losses.
Analog Devices Inc. closed $25.84 below its 52-week high ($244.14), which the company reached on July 17th.
The stock underperformed when compared to some of its competitors Wednesday, as Broadcom Inc. $(AVGO)$ rose 1.43% to $170.56, Texas Instruments Inc. $(TXN)$ fell 0.29% to $196.65, and KLA Corp. $(KLAC)$ rose 0.08% to $666.22.
Trading volume (2.5 M) remained 310,300 below its 50-day average volume of 2.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 4, 2024.
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(END) Dow Jones Newswires
December 04, 2024 16:43 ET (21:43 GMT)
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