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Shares of Analog Devices Inc. (ADI) slid 2.31% to $164.02 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.24% to 4,350.65 and Dow Jones Industrial Average falling 0.34% to 34,378.34. This was the stock's second consecutive day of losses. Analog Devices Inc. closed $14.82 short of its 52-week high ($178.84), which the company reached on September 24th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Texas Instruments Inc. (TXN) fell 2.53% to $188.48, Microchip Technology Inc. (MCHP) fell 2.03% to $140.99, and STMicroelectronics N.V. (STM.FR) fell 0.10% to $40.80. Trading volume (3.0 M) remained 2.1 million below its 50-day average volume of 5.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 12, 2021.
(END) Dow Jones Newswires
October 12, 2021 16:34 ET (20:34 GMT)
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