Microchip Technology Inc. stock falls Wednesday, underperforms market – MarketWatch

Shares of Microchip Technology Inc. MCHP, +3.74% slid 2.96% to $62.57 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, +1.04% rising 0.01% to 31,839.11 and the S&P 500 Index SPX, +0.69% falling 0.74% to 3,830.60. The stock’s fall snapped a three-day winning streak. Microchip Technology Inc. closed $27.43 below its 52-week high ($90.00), which the company reached on December 28th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Texas Instruments Inc. TXN, +2.12% fell 2.65% to $157.87, Analog Devices Inc. ADI, +2.51% fell 3.41% to $141.38, and STMicroelectronics N.V. STM, +3.65% fell 0.46% to $34.58. Trading volume (5.3 M) eclipsed its 50-day average volume of 4.8 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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