Microchip Technology Inc. stock rises Wednesday, still underperforms market

Microchip Technology Inc.
MCHP,
+ 0.11%

rose 0.11% to $ 155.49 on Wednesday in what turned out to be an all-round great trading session for the stock market on the S&P 500 index
SPX,
+ 0.14%

rises 0.14% to 4,208.12 and the Dow Jones Industrial Average
DJIA,
+ 0.07%

0.07% increasing to 34,600.38. Microchip Technology Inc. closed $ 11.18 below its 52-week high ($ 166.67) the company hit on February 17.

The stock showed mixed performance on Wednesday compared to some of its competitors, such as Texas Instruments Inc.
TXN,
+ 0.93%

rose 0.93% to $ 190.75, Analog Devices Inc.
SURNAME,
+ 0.49%

rose 0.49% to $ 164.50 and STMicroelectronics NV
STM,
-0.88%

fell 0.88% to $ 37.11. The trading volume (1.4 million) remained 319,137 below its 50-day average volume of 1.7 million.

Editor’s note: This story was created automatically by Automated insights, an automation technology provider using data from Dow Jones and FactSet. See our Market Data Terms of Use.

Comments are closed.