DJ Analog Devices Inc. Stock Underperforms Friday When Compared To Competitors Despite Daily Gains
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Shares of Analog Devices Inc. $(ADI)$ advanced 1.70% to $218.20 Friday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.25% to 6,090.27 and the Dow Jones Industrial Average falling 0.28% to 44,642.52.
The stock's rise snapped a three-day losing streak.
Analog Devices Inc. closed $25.94 short of 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 Friday, as Broadcom Inc. $(AVGO)$ rose 5.31% to $179.53, Texas Instruments Inc. $(TXN)$ rose 0.06% to $193.10, and KLA Corp. $(KLAC)$ rose 0.89% to $648.34.
Trading volume (3.2 M) eclipsed its 50-day average volume of 2.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 6, 2024.
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(END) Dow Jones Newswires
December 06, 2024 16:43 ET (21:43 GMT)
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