Analog Devices (ADI) Shares are Up 0.42%

On a relative basis, the stock has outperformed the S&P 500 by 2.79% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.42% in the last 1 week, and is up 9.74% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Analog Devices (NASDAQ:ADI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $60.05 and $59.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $60.44. The buying momentum continued till the end and the stock did not give up its gains. It closed at $60.40, notching a gain of 0.75% for the day. The total traded volume was 823,680 . The stock had closed at $59.95 on the previous day.


The stock has recorded a 20-day Moving Average of 4.89% and the 50-Day Moving Average is 5.71%. Analog Devices, Inc. is up 4.03% in the last 3-month period. Year-to-Date the stock performance stands at 10.88%.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.