DJ Microchip Technology Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Microchip Technology Inc. $(MCHP)$ rose 1.02% to $52.58 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.03% to 6,068.50 and the Dow Jones Industrial Average rising 0.28% to 44,593.65.
This was the stock's second consecutive day of gains.
Microchip Technology Inc. closed 47.72% short of its 52-week high of $100.57, which the company achieved on May 24th.
The stock outperformed some of its competitors Tuesday, as Advanced Micro Devices Inc. $(AMD)$ rose 0.56% to $111.10, Applied Materials Inc. $(AMAT)$ fell 0.25% to $183.20, and Analog Devices Inc. $(ADI)$ fell 0.68% to $203.46.
Trading volume (7.7 M) remained 1.4 million below its 50-day average volume of 9.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 11, 2025.
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February 11, 2025 17:02 ET (22:02 GMT)
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