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Shares of Analog Devices Inc. ADI slid 1.59% to $147.56 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX falling 1.15% to 3,854.43 and Dow Jones Industrial Average DJIA falling 0.52% to 31,173.84. The stock's fall snapped a four-day winning streak. Analog Devices Inc. closed $44.39 short of its 52-week high ($191.95), which the company reached on November 22nd.
The stock underperformed when compared to some of its competitors Monday, as Texas Instruments Inc. TXN fell 1.27% to $153.56, Microchip Technology Inc. MCHP fell 0.98% to $58.87, and STMicroelectronics N.V. STM fell 0.45% to $31.10. Trading volume (2.7 M) remained 853,977 below its 50-day average volume of 3.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 11, 2022.
(END) Dow Jones Newswires
July 11, 2022 16:34 ET (20:34 GMT)
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