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Should You Buy Analog Devices, Inc. (ADI) Stock on Friday?

Friday, May 27, 2022 12:08 PM | InvestorsObserver Analysts
Should You Buy Analog Devices, Inc. (ADI) Stock on Friday?

The market has been high on Analog Devices, Inc. (ADI) stock recently. ADI gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

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

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. 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 $166.02 as of 11:53 AM on Friday, May 27, a rise of $2.77, or 1.7% from the previous closing price of $163.24. The stock has traded between $164.17 and $166.26 so far today. Volume today is below average. So far 1,772,414 shares have traded compared to average volume of 3,571,032 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.

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