Analog Devices stock dodges chip selloff as insider sale hits tape; jobs report next
Analog Devices shares closed up 0.37% at $355.67 Friday, outperforming chip peers as the S&P 500 and Nasdaq fell. Chief accounting officer Michael Sondel sold about $1.52 million in stock earlier in the week, according to an SEC filing. The company recently forecast Q2 revenue above analyst estimates. Broader chip stocks slid after a hotter-than-expected inflation reading.