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Shares of Analog Devices Inc. (ADI) slipped 1.79% to $141.99 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 2.11% to 3,640.47 and Dow Jones Industrial Average falling 1.54% to 29,225.61. The stock's fall snapped a two-day winning streak. Analog Devices Inc. closed $49.96 below its 52-week high ($191.95), which the company achieved on November 22nd.
Despite its losses, the stock outperformed some of its competitors Thursday, as Texas Instruments Inc. (TXN) fell 2.67% to $158.45, Microchip Technology Inc. (MCHP) fell 2.99% to $61.99, and STMicroelectronics N.V. (STM.FR) fell 5.48% to $31.40.true Trading volume (3.4 M) eclipsed its 50-day average volume of 3.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 29, 2022.
(END) Dow Jones Newswires
September 29, 2022 16:34 ET (20:34 GMT)
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