Shares of Microchip Technology Inc.
MCHP,
slid 5.58% to $140.09 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index
SPX,
falling 1.34% to 3,768.47 and Dow Jones Industrial Average
DJIA,
falling 1.11% to 30,924.14. This was the stock's third consecutive day of losses. Microchip Technology Inc. closed $26.58 below its 52-week high ($166.67), which the company achieved on February 17th.
The stock underperformed when compared to some of its competitors Thursday, as Texas Instruments Inc.
TXN,
fell 4.30% to $163.25, Analog Devices Inc.
ADI,
fell 3.61% to $144.52, and STMicroelectronics N.V.
STM,
fell 4.07% to $34.45. Trading volume (2.5 M) eclipsed its 50-day average volume of 2.1 M.
Editor's Note: This story was auto-generated by Automated Insights using data from Dow Jones and FactSet. See our market data terms of use.
Gloss