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

Shares of Microchip Technology Inc. MCHP, -4.29% slid 2.76% to $60.64 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -0.83% falling 2.50% to 3,759.69 and Dow Jones Industrial Average DJIA, -0.12% falling 1.55% to 32,147.76. Microchip Technology Inc. closed $29.36 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, -2.31% fell 2.71% to $158.49, Analog Devices Inc. ADI, -2.36% fell 2.39% to $141.24, and STMicroelectronics N.V. STM, -2.53% fell 3.64% to $30.18. Trading volume (6.1 M) eclipsed its 50-day average volume of 5.0 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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