Analog Devices Inc. stock rises Friday, still underperforms market
Shares of Analog Devices Inc. ADI, inched 0.16% higher to $167.60 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, rising 0.19% to 4,247.44 and the Dow Jones Industrial Average DJIA, rising 0.04% to 34,479.60. This was the stock's fourth consecutive day of gains. Analog Devices Inc. closed $0.27 below its 52-week high ($167.87), which the company achieved on June 10th.
The stock underperformed when compared to some of its competitors Friday, as Texas Instruments Inc. TXN, rose 0.36% to $188.67, Microchip Technology Inc. MCHP, rose 0.42% to $154.09, and STMicroelectronics N.V. STM, rose 1.00% to $38.20. Trading volume (2.4 M) remained 873,335 below its 50-day average volume of 3.3 M.
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