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Shares of Analog Devices Inc. ADI slipped 0.82% to $147.27 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA rising 0.27% to 31,029.31 and the S&P 500 Index SPX falling 0.07% to 3,818.83. This was the stock's second consecutive day of losses. Analog Devices Inc. closed $44.68 short of its 52-week high ($191.95), which the company reached on November 22nd.
Despite its losses, the stock outperformed some of its competitors Wednesday, as Texas Instruments Inc. TXN fell 0.90% to $152.78, Microchip Technology Inc. MCHP fell 2.35% to $58.05, and STMicroelectronics N.V. STM fell 1.10% to $32.24.true Trading volume (2.5 M) remained 995,760 below its 50-day average volume of 3.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 29, 2022.
(END) Dow Jones Newswires
June 29, 2022 16:34 ET (20:34 GMT)
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