Analog Devices stock near $293 after chip rally pauses; insider sale and payrolls loom
Analog Devices closed at $292.89 Wednesday after trading between $286.75 and $293.03. Senior Vice President Martin Cotter sold 10,000 shares at $278.45 each on Jan. 5, according to an SEC filing. Traders are focused on Friday’s U.S. jobs report and ADI’s next earnings release, expected in mid-February.