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Shares of Analog Devices Inc. (ADI) advanced 4.16% to $145.13 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 2.59% to 3,678.43 and the Dow Jones Industrial Average rising 2.66% to 29,490.89. The stock's rise snapped a two-day losing streak. Analog Devices Inc. closed $46.82 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 Monday, as Texas Instruments Inc. (TXN) rose 3.27% to $159.84, Microchip Technology Inc. (MCHP) rose 4.31% to $63.66, and STMicroelectronics N.V. (STM.FR) rose 3.62% to $32.06. Trading volume (4.7 M) eclipsed its 50-day average volume of 3.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 3, 2022.
(END) Dow Jones Newswires
October 03, 2022 16:34 ET (20:34 GMT)
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