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Shares of Microchip Technology Inc.
MCHP,
inched 0.08% higher to $165.30 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index
SPX,
rising 0.15% to 4,455.48 and the Dow Jones Industrial Average
DJIA,
rising 0.10% to 34,798.00. This was the stock’s fourth consecutive day of gains. Microchip Technology Inc. closed $1.37 short of its 52-week high ($166.67), which the company reached on February 17th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Texas Instruments Inc.
TXN,
rose 1.00% to $200.65, Analog Devices Inc.
ADI,
rose 0.73% to $178.53, and STMicroelectronics N.V.
STM,
fell 0.17% to $46.40. Trading volume (939,871) remained 1.1 million below its 50-day average volume of 2.0 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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