DJ Microchip Technology Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Microchip Technology Inc. $(MCHP)$ rose 2.76% to $55.76 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.01% to 6,114.63 and Dow Jones Industrial Average falling 0.37% to 44,546.08.
This was the stock's fifth consecutive day of gains.
Microchip Technology Inc. closed 44.55% below its 52-week high of $100.57, which the company achieved on May 24th.
The stock outperformed some of its competitors Friday, as Advanced Micro Devices Inc. $(AMD)$ rose 1.15% to $113.10, Applied Materials Inc. $(AMAT)$ fell 8.18% to $169.20, and Analog Devices Inc. $(ADI)$ rose 2.52% to $214.61.
Trading volume (6.9 M) remained 2.3 million below its 50-day average volume of 9.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 14, 2025.
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(END) Dow Jones Newswires
February 14, 2025 16:59 ET (21:59 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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