Shares of Microchip Technology Inc. MCHP, +4.05% advanced 1.03% to $67.39 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, +1.36% falling 0.20% to 3,783.28 and Dow Jones Industrial Average DJIA, +0.89% falling 0.14% to 30,273.87. This was the stock’s third consecutive day of gains. Microchip Technology Inc. closed $22.61 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 Wednesday, as Texas Instruments Inc. TXN, +1.44% rose 1.60% to $167.80, Analog Devices Inc. ADI, +1.74% rose 0.69% to $151.89, and STMicroelectronics N.V. STM, +3.83% rose 2.11% to $34.82. Trading volume (3.6 M) remained 1.0 million below 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. Pinduoduo led a group of U.S.-listed Chinese stocks lower.
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