Analog Devices (ADI) : Fridays money flow points at investors jumping to buy the stock on the weakness of price. $11.53 million worth of transactions were on upticks, whereas, the downticks accounted for $10.07 million worth of transactions. The net money flow was a positive $1.46 million and the uptick to downtick ratio was 1.14. The net money flow into the stock was $1.51 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $1.51 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Analog Devices (ADI) was trading at $63.03, down $0.03 during day. The stock slid -0.05% over the previous days close. For the week, the stock recorded 0.11% over the previous weeks close.
The company Insiders own 0.9% of Analog Devices shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -14.12% . Institutional Investors own 86.1% of Analog Devices shares. During last six month period, the net percent change held by insiders has seen a change of -14.12%.
In a related news,The officer (SVP, Comm & Automotive Group) of Analog Devices Inc, Hess Rick D sold 6,000 shares at $62.63 on September 1, 2016. The Insider selling transaction had a total value worth of $375,780. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Analog Devices (NASDAQ:ADI): The stock opened at $63.29 and touched an intraday high of $63.53 on Friday. During the day, the stock corrected to an intraday low of $62.91, however, the bulls stepped in and pushed the price higher to close in the green at $63.15 with a gain of 0.14% for the day. The total traded volume for the day was 1,989,268. The stock had closed at $63.06 in the previous trading session.
Analog Devices (ADI) : During the past 4 weeks, traders have been relatively bearish on Analog Devices (ADI), hence the stock is down -0.72% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.2% relative to the S&P 500. The stock has risen by 0.3% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.85% in the past 4 weeks.
Analog Devices, Inc. is engaged in the design, manufacture and marketing of high-performance analog, mixed-signal and digital signal processing integrated circuits (ICs). The Company is focused on solving the engineering challenges associated with signal processing in electronic equipment. The Companys produces a wide range of products including data converters, amplifiers and linear products, radio frequency (RF) ICs, power management products, sensors based on micro-electro mechanical systems (MEMS) technology and other sensors, and processing products, including DSP and other processors that are designed to meet the needs of a broad base of customers. The Company focuses on strategic markets where its signal processing technology is often a critical differentiator in its customers products, in the industrial, automotive, consumer and communications markets.