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Shares of Analog Devices Inc. ADI sank 0.40% to $170.77 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX falling 0.67% to 4,091.19 and Dow Jones Industrial Average DJIA falling 1.23% to 32,396.17. This was the stock's second consecutive day of losses. Analog Devices Inc. closed $21.18 short of its 52-week high ($191.95), which the company reached on November 22nd.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Texas Instruments Inc. TXN fell 0.88% to $177.22, Microchip Technology Inc. MCHP rose 0.16% to $69.27, and STMicroelectronics N.V. STM fell 0.13% to $38.19. Trading volume (2.2 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 2, 2022.
(END) Dow Jones Newswires
August 02, 2022 16:34 ET (20:34 GMT)
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