Shares of Microchip Technology Inc.
slid 1.48% to $88.03 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average
rising 0.26% to 36,398.21 and the S&P 500 Index
falling 0.10% to 4,786.35. The stock’s fall snapped a four-day winning streak. Microchip Technology Inc. closed $1.40 short of its 52-week high ($89.43), which the company reached on December 27th.
The stock underperformed when compared to some of its competitors Tuesday, as Texas Instruments Inc.
fell 0.39% to $191.10, Analog Devices Inc.
fell 0.62% to $174.38, and STMicroelectronics N.V.
fell 1.06% to $49.57. Trading volume (3.3 M) remained 624,049 below its 50-day average volume of 4.0 M.