Shares of Microchip Technology Inc.
slipped 3.68% to $68.10 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index
falling 3.56% to 4,146.87 and Dow Jones Industrial Average
falling 3.12% to 32,997.97. The stock’s fall snapped a three-day winning streak. Microchip Technology Inc. closed $21.90 below 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 Thursday, as Texas Instruments Inc.
fell 3.38% to $170.28, Analog Devices Inc.
fell 3.96% to $158.24, and STMicroelectronics N.V.
fell 5.58% to $36.75. Trading volume (7.5 M) eclipsed its 50-day average volume of 5.3 M.