Microchip Technology Inc. stock outperforms competitors on strong trading day – MarketWatch

Shares of Microchip Technology Inc. MCHP, -0.10% advanced 2.01% to $65.03 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, -0.80% rising 1.83% to 3,979.87 and the Dow Jones Industrial Average DJIA, -0.30% rising 1.40% to 31,581.28. The stock’s rise snapped a three-day losing streak. Microchip Technology Inc. closed $24.97 below 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 Wednesday, as Texas Instruments Inc. TXN, +0.70% rose 1.67% to $165.82, Analog Devices Inc. ADI, +0.53% rose 1.67% to $150.70, and STMicroelectronics N.V. STM, +1.35% rose 4.75% to $35.96. Trading volume (3.7 M) remained 738,415 below its 50-day average volume of 4.4 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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