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Shares of Analog Devices Inc. (ADI) dropped 0.78% to $140.82 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.03% to 3,655.04 and Dow Jones Industrial Average falling 1.11% to 29,260.81. This was the stock's fourth consecutive day of losses. Analog Devices Inc. closed $51.13 short of 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 Monday, as Texas Instruments Inc. (TXN) fell 0.51% to $160.46, Microchip Technology Inc. (MCHP) fell 1.16% to $61.46, and STMicroelectronics N.V. (STM.FR) fell 1.71% to $32.70. Trading volume (4.5 M) eclipsed its 50-day average volume of 3.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 26, 2022.
(END) Dow Jones Newswires
September 26, 2022 16:34 ET (20:34 GMT)
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