Shares of Microchip Technology Inc.
MCHP,
advanced 1.37% to $71.26 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index
SPX,
rising 1.50% to 4,288.70 and the Dow Jones Industrial Average
DJIA,
rising 0.28% to 33,223.83. Microchip Technology Inc. closed $18.74 short of its 52-week high ($90.00), which the company reached on December 28th.
The stock underperformed when compared to some of its competitors Thursday, as Texas Instruments Inc.
TXN,
rose 2.38% to $169.59, Analog Devices Inc.
ADI,
rose 2.61% to $159.79, and STMicroelectronics N.V.
STM,
rose 2.38% to $42.62. Trading volume (10.8 M) eclipsed its 50-day average volume of 4.5 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