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Shares of Analog Devices Inc. (ADI) slid 0.55% to $150.69 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.30% to 3,966.85 and the Dow Jones Industrial Average rising 0.46% to 31,656.42. This was the stock's fifth consecutive day of losses. Analog Devices Inc. closed $41.26 short of its 52-week high ($191.95), which the company achieved on November 22nd.
The stock underperformed when compared to some of its competitors Thursday, as Texas Instruments Inc. (TXN) rose 0.58% to $166.16, Microchip Technology Inc. (MCHP) fell 0.49% to $64.93, and STMicroelectronics N.V. (STM.FR) fell 0.43% to $34.75. Trading volume (3.8 M) eclipsed its 50-day average volume of 3.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 1, 2022.
(END) Dow Jones Newswires
September 01, 2022 16:34 ET (20:34 GMT)
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