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Shares of Analog Devices Inc. (ADI) inched 0.68% higher to $165.37 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.05% to 4,345.72 and the Dow Jones Industrial Average rising 0.92% to 34,314.67. The stock's rise snapped a six-day losing streak. Analog Devices Inc. closed $13.47 short of its 52-week high ($178.84), which the company achieved on September 24th.
The stock underperformed when compared to some of its competitors Tuesday, as Texas Instruments Inc. (TXN) rose 1.83% to $193.88, Microchip Technology Inc. (MCHP) rose 0.95% to $148.02, and STMicroelectronics N.V. (STM.FR) rose 1.89% to $42.63. Trading volume (2.9 M) remained 2.3 million below its 50-day average volume of 5.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 5, 2021.
(END) Dow Jones Newswires
October 05, 2021 16:34 ET (20:34 GMT)
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