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Shares of Analog Devices Inc. ADI slipped 1.16% to $163.27 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX falling 0.93% to 3,961.63 and Dow Jones Industrial Average DJIA falling 0.43% to 31,899.29. The stock's fall snapped a three-day winning streak. Analog Devices Inc. closed $28.68 below its 52-week high ($191.95), which the company achieved on November 22nd.
Despite its losses, the stock outperformed some of its competitors Friday, as Texas Instruments Inc. TXN fell 1.59% to $163.90, Microchip Technology Inc. MCHP fell 2.24% to $64.72, and STMicroelectronics N.V. STM fell 1.42% to $34.72.true Trading volume (2.9 M) remained 487,664 below its 50-day average volume of 3.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 22, 2022.
(END) Dow Jones Newswires
July 22, 2022 16:34 ET (20:34 GMT)
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