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

Shares of Microchip Technology Inc. MCHP, +1.00% shed 3.58% to $57.31 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -0.41% falling 2.37% to 3,583.07 and Dow Jones Industrial Average DJIA, -0.24% falling 1.34% to 29,634.83. Microchip Technology Inc. closed $32.69 below its 52-week high ($90.00), which the company reached on December 28th.
Despite its losses, the stock outperformed some of its competitors Friday, as Texas Instruments Inc. TXN, +1.41% fell 3.89% to $148.34, Analog Devices Inc. ADI, +1.46% fell 4.22% to $136.73, and STMicroelectronics N.V. STM, +0.64% fell 3.95% to $30.61.true Trading volume (4.6 M) remained 171,632 below 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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