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Shares of Analog Devices Inc. (ADI) slid 1.72% to $155.19 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.67% to 4,030.61 and Dow Jones Industrial Average falling 0.57% to 32,098.99. This was the stock's second consecutive day of losses. Analog Devices Inc. closed $36.76 below its 52-week high ($191.95), which the company achieved on November 22nd.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Texas Instruments Inc. (TXN) fell 0.91% to $167.94, Microchip Technology Inc. (MCHP) fell 1.90% to $64.71, and STMicroelectronics N.V. (STM.FR) fell 0.14% to $34.91. Trading volume (3.3 M) eclipsed its 50-day average volume of 3.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 29, 2022.
(END) Dow Jones Newswires
August 29, 2022 16:34 ET (20:34 GMT)
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