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Shares of Analog Devices Inc. (ADI) rallied 1.35% to $150.25 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.34% to 3,946.01 and the Dow Jones Industrial Average rising 0.10% to 31,135.09. Analog Devices Inc. closed $41.70 below its 52-week high ($191.95), which the company reached on November 22nd.
The stock underperformed when compared to some of its competitors Wednesday, as Texas Instruments Inc. (TXN) rose 1.60% to $165.26, Microchip Technology Inc. (MCHP) rose 4.01% to $65.69, and STMicroelectronics N.V. (STM.FR) rose 2.50% to $36.11. Trading volume (2.2 M) remained 1.0 million below its 50-day average volume of 3.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 14, 2022.
(END) Dow Jones Newswires
September 14, 2022 16:34 ET (20:34 GMT)
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