Shares of Microchip Technology Inc.
MCHP,
slid 2.21% to $67.62 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index
SPX,
falling 1.48% to 4,393.66 and Dow Jones Industrial Average
DJIA,
falling 1.05% to 34,792.76. The stock’s fall snapped a three-day winning streak. Microchip Technology Inc. closed $22.38 short of its 52-week high ($90.00), which the company reached on December 28th.
The stock underperformed when compared to some of its competitors Thursday, as Texas Instruments Inc.
TXN,
fell 1.22% to $177.23, Analog Devices Inc.
ADI,
fell 1.65% to $158.71, and STMicroelectronics N.V.
STM,
fell 0.55% to $38.18. Trading volume (3.9 M) remained 1.4 million below its 50-day average volume of 5.3 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.
Source link
