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Shares of Analog Devices Inc. (ADI) slid 0.89% to $148.44 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.71% to 3,789.93 and Dow Jones Industrial Average falling 1.70% to 30,183.78. The stock's fall snapped a three-day winning streak. Analog Devices Inc. closed $43.51 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 Wednesday, as Texas Instruments Inc. (TXN) fell 1.66% to $163.30, Microchip Technology Inc. (MCHP) fell 0.98% to $64.73, and STMicroelectronics N.V. (STM.FR) rose 0.22% to $35.65. Trading volume (3.3 M) eclipsed its 50-day average volume of 3.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 21, 2022.
(END) Dow Jones Newswires
September 21, 2022 16:34 ET (20:34 GMT)
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