Analog Devices Inc. stock outperforms market on strong trading day – MarketWatch

Shares of Analog Devices Inc. ADI, +1.23% inched 0.16% higher to $141.33 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, -0.56% falling 0.67% to 3,695.16 and Dow Jones Industrial Average DJIA, -0.19% falling 0.33% to 30,423.81. This was the stock’s third consecutive day of gains. Analog Devices Inc. closed $50.62 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 Wednesday, as Texas Instruments Inc. TXN, +0.51% rose 0.75% to $152.65, Microchip Technology Inc. MCHP, -0.35% rose 0.08% to $59.32, and STMicroelectronics N.V. STM, +1.60% fell 0.87% to $31.82. Trading volume (2.5 M) remained 1.1 million below its 50-day average volume of 3.5 M.
Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.
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