DJ Analog Devices Inc. Stock Underperforms Monday When Compared To Competitors
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Shares of Analog Devices Inc. $(ADI)$ shed 0.14% to $216.31 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.38% to 6,074.08 and the Dow Jones Industrial Average falling 0.25% to 43,717.48.
This was the stock's second consecutive day of losses.
Analog Devices Inc. closed $27.83 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 11.21% to $250.00, Texas Instruments Inc. $(TXN)$ fell 1.11% to $189.46, and KLA Corp. $(KLAC)$ rose 0.36% to $656.13.
Trading volume (3.4 M) eclipsed its 50-day average volume of 2.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 16, 2024.
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(END) Dow Jones Newswires
December 16, 2024 16:42 ET (21:42 GMT)
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