Shares of Microchip Technology Inc.
MCHP,
slid 2.94% to $150.85 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average
DJIA,
rising 0.30% to 33,171.37 and the S&P 500 Index
SPX,
falling 0.09% to 3,971.09. The stock's fall snapped a two-day winning streak. Microchip Technology Inc. closed $15.82 short of its 52-week high ($166.67), which the company reached on February 17th.
The stock underperformed when compared to some of its competitors Monday, as Texas Instruments Inc.
TXN,
fell 1.07% to $186.18, Analog Devices Inc.
ADI,
fell 2.07% to $153.85, and STMicroelectronics N.V.
STM,
fell 2.12% to $37.77. Trading volume (1.7 M) remained 530,265 below its 50-day average volume of 2.2 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.
Gloss