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Shares of Analog Devices Inc. (ADI) rose 1.95% to $144.58 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.97% to 3,719.04 and the Dow Jones Industrial Average rising 1.88% to 29,683.74. This was the stock's second consecutive day of gains. Analog Devices Inc. closed $47.37 short of its 52-week high ($191.95), which the company reached on November 22nd.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Texas Instruments Inc. (TXN) rose 1.30% to $162.80, Microchip Technology Inc. (MCHP) rose 2.22% to $63.90, and STMicroelectronics N.V. (STM.FR) rose 0.36% to $33.22. Trading volume (3.3 M) eclipsed its 50-day average volume of 3.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 28, 2022.
(END) Dow Jones Newswires
September 28, 2022 16:34 ET (20:34 GMT)
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