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Shares of Analog Devices Inc. (ADI) rose 2.28% to $172.04 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.75% to 4,471.37 and the Dow Jones Industrial Average rising 1.09% to 35,294.76. This was the stock's third consecutive day of gains. Analog Devices Inc. closed $6.80 below its 52-week high ($178.84), which the company reached on September 24th.
The stock outperformed some of its competitors Friday, as Texas Instruments Inc. (TXN) rose 1.02% to $194.45, Microchip Technology Inc. (MCHP) rose 0.41% to $72.78, and STMicroelectronics N.V. (STM.FR) rose 0.09% to $42.52. Trading volume (2.9 M) remained 2.1 million below its 50-day average volume of 5.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 15, 2021.
(END) Dow Jones Newswires
October 15, 2021 16:34 ET (20:34 GMT)
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