Microchip Technology Inc. stock underperforms Monday when compared to competitors – MarketWatch

Shares of Microchip Technology Inc. MCHP, +0.56% slid 1.16% to $61.46 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, +1.14% falling 1.03% to 3,655.04 and Dow Jones Industrial Average DJIA, +1.12% falling 1.11% to 29,260.81. This was the stock’s fifth consecutive day of losses. Microchip Technology Inc. closed $28.54 short of 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 Monday, as Texas Instruments Inc. TXN, +0.34% fell 0.51% to $160.46, Analog Devices Inc. ADI, +1.42% fell 0.78% to $140.82, and STMicroelectronics N.V. STM, +1.07% fell 1.71% to $32.70. Trading volume (4.6 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.
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