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Microchip Technology Inc. stock falls Friday, still outperforms market

Written by corres2

Shares of Microchip Technology Inc.
MCHP,
-0.02%

dropped 0.02% to $87.06 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index
SPX,
-0.26%

falling 0.26% to 4,766.18 and Dow Jones Industrial Average
DJIA,
-0.16%

falling 0.16% to 36,338.30. This was the stock’s second consecutive day of losses. Microchip Technology Inc. closed $2.94 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 Friday, as Texas Instruments Inc.
TXN,
-0.50%

fell 0.50% to $188.47, Analog Devices Inc.
ADI,
+0.57%

rose 0.57% to $175.77, and STMicroelectronics N.V.
STM,
-0.63%

fell 0.63% to $48.88. Trading volume (1.5 M) remained 2.5 million below its 50-day average volume of 3.9 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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