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Shares of Analog Devices Inc. (ADI) slipped 3.12% to $170.37 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.42% to 4,122.47 and Dow Jones Industrial Average falling 0.18% to 32,774.41. This was the stock's second consecutive day of losses. Analog Devices Inc. closed $21.58 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 2.78% to $177.71, Microchip Technology Inc. (MCHP) fell 4.09% to $68.00, and STMicroelectronics N.V. (STM.FR) fell 5.67% to $36.07. Trading volume (3.7 M) eclipsed its 50-day average volume of 3.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 9, 2022.
(END) Dow Jones Newswires
August 09, 2022 16:34 ET (20:34 GMT)
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