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Shares of Analog Devices Inc. (ADI) inched 0.34% higher to $176.96 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.08% to 4,151.94 and Dow Jones Industrial Average falling 0.26% to 32,726.82. This was the stock's second consecutive day of gains. Analog Devices Inc. closed $14.99 below 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 Thursday, as Texas Instruments Inc. (TXN) rose 0.78% to $184.91, Microchip Technology Inc. (MCHP) fell 0.63% to $72.76, and STMicroelectronics N.V. (STM.FR) rose 0.79% to $39.59. Trading volume (2.4 M) remained 951,839 below its 50-day average volume of 3.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 4, 2022.
(END) Dow Jones Newswires
August 04, 2022 16:34 ET (20:34 GMT)
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