Analog Devices Inc. Stock Rallies 4.3%, Outperforms Market

Dow Jones04:34

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Analog Devices Inc. rallied 4.3% to $407.93 on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.7% to 7,676.77 and the Dow Jones Industrial Average rising 0.3% to 52,361.58.

This was the stock's second consecutive day of gains.

Analog Devices Inc. closed 8.5% below its 52-week high of $445.91, which the company achieved on June 22nd.

The stock demonstrated a mixed performance when compared to some of its peers, as Broadcom Inc. rose 2.3% to $329.17, Texas Instruments Inc. rose 4.7% to $298.12, and KLA Corp. rose 2.47% to $149.21.

Trading volume totaled 3.8 million, compared to the 50-day average of 3.5 million.

Data source: Dow Jones Market Data, FactSet

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