Microchip Technology Inc. stock falls Thursday, still outperforms market – MarketWatch

Shares of Microchip Technology Inc. MCHP, -2.76% sank 0.10% to $59.26 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, -2.50% falling 0.80% to 3,665.78 and Dow Jones Industrial Average DJIA, -1.55% falling 0.30% to 30,333.59. The stock’s fall snapped a three-day winning streak. Microchip Technology Inc. closed $30.74 below its 52-week high ($90.00), which the company reached on December 28th.
The stock underperformed when compared to some of its competitors Thursday, as Texas Instruments Inc. TXN, -2.71% rose 0.70% to $153.72, Analog Devices Inc. ADI, -2.39% rose 0.53% to $142.08, and STMicroelectronics N.V. STM, -3.64% rose 1.35% to $32.25. Trading volume (4.0 M) remained 779,405 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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