Microchip Technology Inc. stock outperforms competitors on strong trading day

Shares of Microchip Technology Inc.
MCHP,
+3.97%
rallied 3.97% to $162.35 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average
DJIA,
+0.00%
rising 0.00% to 31,494.32 and the S&P 500 Index
SPX,
-0.19%
falling 0.19% to 3,906.71. Microchip Technology Inc. closed $4.32 below its 52-week high ($166.67), which the company reached on February 17th.

The stock outperformed some of its competitors Friday, as Texas Instruments Inc.
TXN,
+1.04%
rose 1.04% to $178.35, Analog Devices Inc.
ADI,
+3.61%
rose 3.61% to $163.80, and STMicroelectronics N.V.
STM,
+1.77%
rose 1.77% to $41.93. Trading volume (1.8 M) remained 261,233 below its 50-day average volume of 2.0 M.

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