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Shares of Analog Devices Inc. ADI advanced 1.14% to $144.70 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.36% to 3,845.08 and the Dow Jones Industrial Average DJIA rising 0.23% to 31,037.68. This was the stock's second consecutive day of gains. Analog Devices Inc. closed $47.25 short of its 52-week high ($191.95), which the company reached on November 22nd.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Texas Instruments Inc. TXN rose 1.15% to $150.81, Microchip Technology Inc. MCHP rose 0.02% to $56.15, and STMicroelectronics N.V. STM rose 1.76% to $30.08. Trading volume (2.7 M) remained 883,583 below its 50-day average volume of 3.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 6, 2022.
(END) Dow Jones Newswires
July 06, 2022 16:34 ET (20:34 GMT)
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