Why Analog Devices Stock Briefly Jumped 6% Today
Analog Devices(ADI) The Motley Fool·2024-08-21 18:23Why did Analog Devices' shares spike and then settle on Wednesday morning?Shares of Analog Devices (ADI 2.92%) jumped as much as 6% higher on Wednesday morning. The maker of high-performance analog and mixed-signal chips peaked at 10:20 a.m. ET and backed down to a 2.2% gain in the afternoon. The stock jumped as Analog Devices reported analyst-stumping third-quarter results and in-line guidance for the next quarter. It backed down when management provided cautious market analysis on the earnings call.Third- ...