Microchip Technology Inc. stock outperforms competitors despite losses on the day – MarketWatch

Shares of Microchip Technology Inc. MCHP, -0.10% shed 0.19% to $64.60 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, -0.80% rising 0.13% to 3,966.84 and the Dow Jones Industrial Average DJIA, -0.30% rising 0.28% to 31,990.04. This was the stock’s second consecutive day of losses. Microchip Technology Inc. closed $25.40 short of 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 Monday, as Texas Instruments Inc. TXN, +0.70% fell 0.43% to $163.20, Analog Devices Inc. ADI, +0.53% fell 0.14% to $163.04, and STMicroelectronics N.V. STM, +1.35% rose 0.98% to $35.06. Trading volume (2.7 M) remained 2.2 million below its 50-day average volume of 5.0 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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