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Shares of Analog Devices Inc. (ADI) inched 0.95% higher to $155.65 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.06% to 4,110.41 and the Dow Jones Industrial Average rising 0.71% to 32,381.34. This was the stock's fourth consecutive day of gains. Analog Devices Inc. closed $36.30 below its 52-week high ($191.95), which the company reached on November 22nd.
The stock outperformed some of its competitors Monday, as Texas Instruments Inc. (TXN) fell 0.09% to $170.58, Microchip Technology Inc. (MCHP) rose 0.69% to $67.42, and STMicroelectronics N.V. (STM.FR) rose 0.86% to $37.38. Trading volume (3.1 M) remained 71,351 below its 50-day average volume of 3.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 12, 2022.
(END) Dow Jones Newswires
September 12, 2022 16:34 ET (20:34 GMT)
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