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Shares of Analog Devices Inc. ADI inched 0.80% higher to $169.67 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 1.21% to 4,072.43 and the Dow Jones Industrial Average DJIA rising 1.03% to 32,529.63. This was the stock's second consecutive day of gains. Analog Devices Inc. closed $22.28 below its 52-week high ($191.95), which the company achieved on November 22nd.
The stock underperformed when compared to some of its competitors Thursday, as Texas Instruments Inc. TXN rose 2.45% to $175.75, Microchip Technology Inc. MCHP rose 1.05% to $67.37, and STMicroelectronics N.V. STM rose 2.50% to $37.24. Trading volume (3.9 M) eclipsed its 50-day average volume of 3.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 28, 2022.
(END) Dow Jones Newswires
July 28, 2022 16:34 ET (20:34 GMT)
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