Insider Trading Scandal Jolts Analog Devices Amid Significant Stock Movements
Mover TrackerTuesday, Sep 3, 2024 6:35 pm ET
1min readAnalog Devices Inc. (ADI) saw a significant decline of 6.87%.
On August 26, 2024, Analog Devices disclosed an insider trading activity. Board member Frank Edward H. sold 500 shares on August 23, 2024.
Recent insider transactions illustrate a mix of sells and buys among company executives. For instance, on August 5, 2024, board member Vincent Roche acquired 10,000 shares at $91.13 each and then sold the same amount on the same day at $228.08 per share. Other transactions include notable sales by board members and executives over recent months, highlighting ongoing trading activity within the company.
Founded in Massachusetts in 1965, Analog Devices is a global leader in high-performance analog technology. The company plays a critical role at the intersection of the physical and digital realms by providing components that sense, measure, interpret, connect, and power various applications. ADI designs, manufactures, tests, and sells a broad range of solutions, including integrated circuits (ICs), software, and subsystems leveraging high-performance analog, mixed-signal, and digital signal processing technologies.
On August 27, 2024, Analog Devices reported a trading volume of 3,707,700 shares with a transaction value of $856 million, ranking 40th in the US stock market for the day. The trading volume increased by 49.81% from the previous day.
Shares of Analog Devices increased by 2.76% on August 27, 2024, closing at $231.84. Over the past five trading days, the stock has risen by 3.74%. For the month of August, it saw a modest gain of 0.20%, and year-to-date it has surged by 16.76%. Looking at the past 52 weeks, ADI's stock has climbed by 28.56%.
Analog Devices is known for its extensive portfolio, deep expertise, and advanced manufacturing capabilities, covering high-performance precision and high-speed mixed-signal, power management, and RF IC, digital signal processors (DSP), and other sensors.
On August 26, 2024, Analog Devices disclosed an insider trading activity. Board member Frank Edward H. sold 500 shares on August 23, 2024.
Recent insider transactions illustrate a mix of sells and buys among company executives. For instance, on August 5, 2024, board member Vincent Roche acquired 10,000 shares at $91.13 each and then sold the same amount on the same day at $228.08 per share. Other transactions include notable sales by board members and executives over recent months, highlighting ongoing trading activity within the company.
Founded in Massachusetts in 1965, Analog Devices is a global leader in high-performance analog technology. The company plays a critical role at the intersection of the physical and digital realms by providing components that sense, measure, interpret, connect, and power various applications. ADI designs, manufactures, tests, and sells a broad range of solutions, including integrated circuits (ICs), software, and subsystems leveraging high-performance analog, mixed-signal, and digital signal processing technologies.
On August 27, 2024, Analog Devices reported a trading volume of 3,707,700 shares with a transaction value of $856 million, ranking 40th in the US stock market for the day. The trading volume increased by 49.81% from the previous day.
Shares of Analog Devices increased by 2.76% on August 27, 2024, closing at $231.84. Over the past five trading days, the stock has risen by 3.74%. For the month of August, it saw a modest gain of 0.20%, and year-to-date it has surged by 16.76%. Looking at the past 52 weeks, ADI's stock has climbed by 28.56%.
Analog Devices is known for its extensive portfolio, deep expertise, and advanced manufacturing capabilities, covering high-performance precision and high-speed mixed-signal, power management, and RF IC, digital signal processors (DSP), and other sensors.
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