Microchip Technology Inc. stock rises Monday, outperforms market – MarketWatch

Shares of Microchip Technology Inc. MCHP, +4.42% advanced 4.31% to $63.66 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, +2.37% rising 2.59% to 3,678.43 and the Dow Jones Industrial Average DJIA, +2.47% rising 2.66% to 29,490.89. The stock’s rise snapped a two-day losing streak. Microchip Technology Inc. closed $26.34 below its 52-week high ($90.00), which the company reached on December 28th.
The stock outperformed some of its competitors Monday, as Texas Instruments Inc. TXN, +3.97% rose 3.27% to $159.84, Analog Devices Inc. ADI, +3.25% rose 4.16% to $145.13, and STMicroelectronics N.V. STM, +3.32% rose 3.62% to $32.06. Trading volume (5.2 M) eclipsed its 50-day average volume of 4.6 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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