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Microchip Technology Inc. stock underperforms Friday when compared to competitors

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Microchip Technology Inc. stock underperforms Friday when compared to competitors

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Shares of Microchip Technology Inc.
MCHP,
-0.51%

slipped 0.51% to $152.71 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index
SPX,
+1.15%

rising 1.15% to 4,357.04 and the Dow Jones Industrial Average
DJIA,
+1.43%

rising 1.43% to 34,326.46. Microchip Technology Inc. closed $13.96 below 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,
+0.82%

rose 0.82% to $193.79, Analog Devices Inc.
ADI,
-0.07%

fell 0.07% to $167.37, and STMicroelectronics N.V.
STM,
-0.80%

fell 0.80% to $43.28. Trading volume (2.1 M) eclipsed its 50-day average volume of 1.9 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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