Analog Devices (NASDAQ:ADI) has been under a strong bear grip, hence the stock is down -0.24% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.67% 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 1.96% in the last 1 week, and is up 1.37% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -6.68% from its 1 Year high price. On Oct 14, 2015, the shares registered one year high at $64.16 and the one year low was seen on Jan 15, 2016. The 50-Day Moving Average price is $56.91 and the 200 Day Moving Average price is recorded at $55.47.
The stock has recorded a 20-day Moving Average of 2.69% and the 50-Day Moving Average is 2.29%.
Analog Devices (NASDAQ:ADI): stock turned positive on Friday. Though the stock opened at $56.51, the bulls momentum made the stock top out at $57.79 level for the day. The stock recorded a low of $56.43 and closed the trading day at $57.74, in the green by 3.20%. The total traded volume for the day was 2,287,085. The stock had closed at $55.95 in the previous days trading.
In an insider trading activity, Sicchitano Kenton J, director of Analog Devices Inc, unloaded 15,000 shares at an average price of $58.28 on April 7, 2016. The total amount of the transaction was worth $874,200, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.