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Shares of Analog Devices Inc. ADI slid 0.29% to $171.46 Monday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX falling 0.28% to 4,118.63 and Dow Jones Industrial Average DJIA falling 0.14% to 32,798.40. The stock's fall snapped a three-day winning streak. Analog Devices Inc. closed $20.49 below its 52-week high ($191.95), which the company achieved on November 22nd.
The stock underperformed when compared to some of its competitors Monday, as Texas Instruments Inc. TXN fell 0.05% to $178.80, Microchip Technology Inc. MCHP rose 0.44% to $69.16, and STMicroelectronics N.V. STM rose 0.79% to $38.24. Trading volume (2.3 M) remained 1.2 million below its 50-day average volume of 3.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 1, 2022.
(END) Dow Jones Newswires
August 01, 2022 16:34 ET (20:34 GMT)
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