Shares of Microchip Technology Inc.
MCHP,
slipped 4.38% to $139.14 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index
SPX,
falling 2.14% to 4,063.04 and Dow Jones Industrial Average
DJIA,
falling 1.99% to 33,587.66. Microchip Technology Inc. closed $27.53 below its 52-week high ($166.67), which the company reached on February 17th.
The stock underperformed when compared to some of its competitors Wednesday, as Texas Instruments Inc.
TXN,
fell 3.60% to $176.60, Analog Devices Inc.
ADI,
fell 3.18% to $146.05, and STMicroelectronics N.V.
STM,
fell 4.00% to $34.33. Trading volume (2.5 M) eclipsed its 50-day average volume of 2.0 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