Analog Devices Inc. stock rises Monday, outperforms market – MarketWatch

Shares of Analog Devices Inc. ADI, +3.22% rose 3.22% to $148.93 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, +0.96% rising 0.96% to 3,806.80 and the Dow Jones Industrial Average DJIA, +1.31% rising 1.31% to 32,827.00. This was the stock’s second consecutive day of gains. Analog Devices Inc. closed $43.02 below its 52-week high ($191.95), which the company achieved on November 22nd.
The stock outperformed some of its competitors Monday, as Texas Instruments Inc. TXN, +1.87% rose 1.87% to $165.69, Microchip Technology Inc. MCHP, +2.62% rose 2.62% to $65.53, and STMicroelectronics N.V. STM, +1.92% rose 1.92% to $32.35. Trading volume (3.7 M) eclipsed its 50-day average volume of 3.6 M.
Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.
The S&P 500 risks another leg down after a 'complete U-turn' in 2023 earnings-per-share estimates for the U.S. stock-market index, according to a BofA Global Research note.

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