Shares of Microchip Technology Inc. MCHP, +0.56% shed 1.78% to $62.18 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, +1.14% falling 1.72% to 3,693.23 and Dow Jones Industrial Average DJIA, +1.12% falling 1.62% to 29,590.41. This was the stock’s fourth consecutive day of losses. Microchip Technology Inc. closed $27.82 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, +0.34% fell 0.82% to $161.29, Analog Devices Inc. ADI, +1.42% fell 2.35% to $141.92, and STMicroelectronics N.V. STM, +1.07% fell 2.97% to $33.27. Trading volume (4.7 M) eclipsed its 50-day average volume of 4.5 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. Investors seem to be inured to negative MAX news as of late.
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