Shares of Microchip Technology Inc.
MCHP,
slid 0.49% to $150.11 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index
SPX,
falling 0.32% to 3,958.55 and Dow Jones Industrial Average
DJIA,
falling 0.31% to 33,066.96. This was the stock's second consecutive day of losses. Microchip Technology Inc. closed $16.56 below its 52-week high ($166.67), which the company achieved on February 17th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Texas Instruments Inc.
TXN,
fell 0.13% to $185.94, Analog Devices Inc.
ADI,
fell 0.81% to $152.61, and STMicroelectronics N.V.
STM,
fell 0.87% to $37.44. Trading volume (1.4 M) remained 847,785 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