Latest Technology

Microchip Technology Inc. stock underperforms Tuesday when compared to competitors

Written by corres2

Shares of Microchip Technology Inc.
MCHP,
-1.48%

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
DJIA,
+0.26%

rising 0.26% to 36,398.21 and the S&P 500 Index
SPX,
-0.10%

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.
TXN,
-0.39%

fell 0.39% to $191.10, Analog Devices Inc.
ADI,
-0.62%

fell 0.62% to $174.38, and STMicroelectronics N.V.
STM,
-1.06%

fell 1.06% to $49.57. Trading volume (3.3 M) remained 624,049 below its 50-day average volume of 4.0 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.


Source link

About the author

corres2

Leave a Comment

x

COVID-19

India
Confirmed: 37,618,271Deaths: 486,761
x

COVID-19

World
Confirmed: 331,067,473Deaths: 5,544,811