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Shares of Microchip Technology Inc.
MCHP,
slipped 1.53% to $143.91 Monday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index
SPX,
falling 0.69% to 4,361.19 and Dow Jones Industrial Average
DJIA,
falling 0.72% to 34,496.06. This was the stock’s second consecutive day of losses. Microchip Technology Inc. closed $22.76 short of its 52-week high ($166.67), which the company achieved on February 17th.
The stock underperformed when compared to some of its competitors Monday, as Texas Instruments Inc.
TXN,
fell 0.96% to $193.37, Analog Devices Inc.
ADI,
fell 0.43% to $167.90, and STMicroelectronics N.V.
STM,
fell 1.35% to $40.84. Trading volume (1.4 M) remained 586,190 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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