Shares of Microchip Technology Inc.
MCHP,
inched 0.38% higher to $77.45 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index
SPX,
rising 0.71% to 4,575.52 and the Dow Jones Industrial Average
DJIA,
rising 0.27% to 34,955.89. Microchip Technology Inc. closed $12.55 below its 52-week high ($90.00), which the company reached on December 28th.
The stock underperformed when compared to some of its competitors Monday, as Texas Instruments Inc.
TXN,
rose 0.42% to $185.68, Analog Devices Inc.
ADI,
rose 0.98% to $167.26, and STMicroelectronics N.V.
STM,
rose 0.88% to $44.89. Trading volume (3.8 M) remained 1.8 million below its 50-day average volume of 5.6 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