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

Shares of Microchip Technology Inc. MCHP, -1.19% slipped 2.13% to $61.24 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, -0.18% rising 0.61% to 32,033.28 and the S&P 500 Index SPX, -0.48% falling 0.61% to 3,807.30. This was the stock’s second consecutive day of losses. Microchip Technology Inc. closed $28.76 short of its 52-week high ($90.00), which the company achieved on December 28th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Texas Instruments Inc. TXN, -0.19% fell 0.70% to $156.76, Analog Devices Inc. ADI, -0.93% fell 0.50% to $140.68, and STMicroelectronics N.V. STM, -2.19% fell 8.33% to $31.70. Trading volume (7.1 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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