Shares of Analog Devices Inc. ADI rallied 2.34% to $168.20 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 1.71% to 4,438.26 and the Dow Jones Industrial Average DJIA rising 1.56% to 34,912.56. This was the stock's second consecutive day of gains. Analog Devices Inc. closed $10.64 short of its 52-week high ($178.84), which the company reached on September 24th.
The stock underperformed when compared to some of its competitors Thursday, as Texas Instruments Inc. TXN rose 2.88% to $192.49, Microchip Technology Inc. MCHP rose 3.17% to $72.48, and STMicroelectronics N.V. STM rose 2.56% to $42.48. Trading volume (4.7 M) remained 285,317 below its 50-day average volume of 5.0 M.