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

Shares of Microchip Technology Inc. MCHP, +2.87% rallied 2.87% to $63.00 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +2.46% rising 2.46% to 3,901.06 and the Dow Jones Industrial Average DJIA, +2.59% rising 2.59% to 32,861.80. The stock’s rise snapped a two-day losing streak. Microchip Technology Inc. closed $27.00 below 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 Friday, as Texas Instruments Inc. TXN, +3.76% rose 3.76% to $161.36, Analog Devices Inc. ADI, +2.99% rose 2.99% to $144.88, and STMicroelectronics N.V. STM, +0.95% rose 0.95% to $32.00. Trading volume (11.2 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.
U.S. stocks end sharply higher Friday, with the Dow Jones Industrial Average surging more than 800 points, as all three major benchmarks score another week of gains.

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