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Shares of Analog Devices Inc. (ADI) advanced 1.94% to $177.23 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.21% to 4,448.98 and the Dow Jones Industrial Average rising 1.48% to 34,764.82. This was the stock's third consecutive day of gains. Analog Devices Inc. hit a new 52-week high, surpassing its previous peak of $175.25, which the company achieved on August 4th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Texas Instruments Inc. (TXN) rose 1.40% to $198.67, Microchip Technology Inc. (MCHP) rose 2.28% to $165.17, and STMicroelectronics N.V. (STM.FR) rose 1.48% to $46.48. Trading volume (3.3 M) remained 1.6 million below its 50-day average volume of 4.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 23, 2021.
(END) Dow Jones Newswires
September 23, 2021 16:34 ET (20:34 GMT)
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