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Shares of Analog Devices Inc. ADI slipped 1.39% to $148.49 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX falling 2.01% to 3,821.55 and Dow Jones Industrial Average DJIA falling 1.56% to 30,946.99. The stock's fall snapped a two-day winning streak. Analog Devices Inc. closed $43.46 below its 52-week high ($191.95), which the company achieved on November 22nd.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Texas Instruments Inc. TXN fell 0.94% to $154.16, Microchip Technology Inc. MCHP fell 2.01% to $59.45, and STMicroelectronics N.V. STM fell 2.60% to $32.60. Trading volume (2.7 M) remained 883,478 below its 50-day average volume of 3.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 28, 2022.
(END) Dow Jones Newswires
June 28, 2022 16:34 ET (20:34 GMT)
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