Should You Buy Analog Devices, Inc. (ADI) Stock After it Has Risen 6.10% in a Week?

Analog Devices, Inc. (ADI) stock is higher by 6.10% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Analog Devices, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ADI!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With ADI Stock Today?

Analog Devices, Inc. (ADI) stock is trading at $161.26 as of 2:21 PM on Wednesday, May 18, a loss of -$2.58, or -1.58% from the previous closing price of $163.84. The stock has traded between $161.01 and $166.33 so far today. Volume today is below average. So far 2,320,753 shares have traded compared to average volume of 3,664,269 shares. To screen for more stocks like Analog Devices, Inc. click here.

More About Analog Devices, Inc.

Analog Devices is a leading analog, mixed-signal, and digital signal processing chipmaker. The firm has a significant market share lead in converter chips, which are used to translate analog signals to digital and vice versa. The company serves tens of thousands of customers, and more than half of its chip sales are made to industrial and automotive end markets. Analog Devices' chips are also incorporated into wireless infrastructure equipment. Click Here to get the full Stock Report for Analog Devices, Inc. stock.