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Shares of Analog Devices Inc. (ADI) rose 1.35% to $154.18 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.53% to 4,067.36 and the Dow Jones Industrial Average rising 1.19% to 32,151.71. This was the stock's third consecutive day of gains. Analog Devices Inc. closed $37.77 below its 52-week high ($191.95), which the company reached on November 22nd.
The stock underperformed when compared to some of its competitors Friday, as Texas Instruments Inc. (TXN) rose 1.38% to $170.74, Microchip Technology Inc. (MCHP) rose 1.86% to $66.96, and STMicroelectronics N.V. (STM.FR) rose 2.49% to $37.06. Trading volume (2.6 M) remained 581,030 below its 50-day average volume of 3.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 9, 2022.
(END) Dow Jones Newswires
September 09, 2022 16:34 ET (20:34 GMT)
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