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Shares of Analog Devices Inc. ADI rallied 4.05% to $168.33 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 2.62% to 4,023.61 and the Dow Jones Industrial Average DJIA rising 1.37% to 32,197.59. The stock's rise snapped a three-day losing streak. Analog Devices Inc. closed $23.62 below its 52-week high ($191.95), which the company achieved on November 22nd.
The stock underperformed when compared to some of its competitors Wednesday, as Texas Instruments Inc. TXN rose 6.65% to $171.54, Microchip Technology Inc. MCHP rose 5.01% to $66.67, and STMicroelectronics N.V. STM rose 5.95% to $36.33. Trading volume (4.7 M) eclipsed its 50-day average volume of 3.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 27, 2022.
(END) Dow Jones Newswires
July 27, 2022 16:34 ET (20:34 GMT)
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