DJ Analog Devices Inc. Stock Underperforms Tuesday When Compared To Competitors
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Shares of Analog Devices Inc. $(ADI)$ slid 3.32% to $209.08 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.76% to 5,572.07 and Dow Jones Industrial Average falling 1.14% to 41,433.48.
This was the stock's second consecutive day of losses.
Analog Devices Inc. closed 15.39% short of its 52-week high of $247.10, which the company reached on February 20th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Broadcom Inc. $(AVGO)$ rose 3.06% to $190.09, Texas Instruments Inc. $(TXN)$ fell 4.91% to $177.34, and KLA Corp. $(KLAC)$ fell 2.08% to $664.22.
Trading volume (4.2 M) eclipsed its 50-day average volume of 3.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 11, 2025.
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(END) Dow Jones Newswires
March 11, 2025 16:39 ET (20:39 GMT)
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