Featured Microchip Technology Inc. stock rises Wednesday, still underperforms market

Published on June 2nd, 2021 📆 | 3404 Views ⚑

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Microchip Technology Inc. stock rises Wednesday, still underperforms market


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Shares of Microchip Technology Inc.
MCHP,
+0.11%
inched 0.11% higher to $155.49 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index
SPX,
+0.14%
rising 0.14% to 4,208.12 and the Dow Jones Industrial Average
DJIA,
+0.07%
rising 0.07% to 34,600.38. Microchip Technology Inc. closed $11.18 below its 52-week high ($166.67), which the company reached on February 17th.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Texas Instruments Inc.
TXN,
+0.93%
rose 0.93% to $190.75, Analog Devices Inc.
ADI,
+0.49%
rose 0.49% to $164.50, and STMicroelectronics N.V.
STM,
-0.88%
fell 0.88% to $37.11. Trading volume (1.4 M) remained 319,137 below its 50-day average volume of 1.7 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.





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