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Shares of Microchip Technology Inc.
MCHP,
shed 1.85% to $84.17 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index
SPX,
rising 0.09% to 4,701.70 and the Dow Jones Industrial Average
DJIA,
rising 0.29% to 36,432.22. The stock’s fall snapped a five-day winning streak. Microchip Technology Inc. closed $3.02 short of its 52-week high ($87.19), which the company reached on November 5th.
The stock underperformed when compared to some of its competitors Monday, as Texas Instruments Inc.
TXN,
fell 0.54% to $192.36, Analog Devices Inc.
ADI,
rose 0.15% to $184.46, and STMicroelectronics N.V.
STM,
rose 1.75% to $51.65. Trading volume (7.4 M) eclipsed its 50-day average volume of 3.7 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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