[ad_1]
Shares of Microchip Technology Inc.
MCHP,
shed 3.33% to $153.07 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index
SPX,
rising 0.16% to 4,359.46 and the Dow Jones Industrial Average
DJIA,
rising 0.26% to 34,390.72. This was the stock’s second consecutive day of losses. Microchip Technology Inc. closed $13.60 below its 52-week high ($166.67), which the company reached on February 17th.
The stock underperformed when compared to some of its competitors Wednesday, as Texas Instruments Inc.
TXN,
fell 0.93% to $193.07, Analog Devices Inc.
ADI,
fell 1.43% to $168.84, and STMicroelectronics N.V.
STM,
fell 1.01% to $43.34. Trading volume (2.2 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.
[ad_2]
Source link