DJ Microchip Technology Inc. Stock Outperforms Competitors On Strong Trading Day
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Microchip Technology Inc. $(MCHP)$ rallied 3.77% to $57.86 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.24% to 6,129.58 and the Dow Jones Industrial Average rising 0.02% to 44,556.34.
This was the stock's sixth consecutive day of gains.
Microchip Technology Inc. closed 42.47% below 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 1.04% to $114.28, Applied Materials Inc. $(AMAT)$ rose 1.65% to $172.00, and Analog Devices Inc. $(ADI)$ rose 2.61% to $220.22.
Trading volume (11.3 M) eclipsed its 50-day average volume of 9.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 18, 2025.
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(END) Dow Jones Newswires
February 18, 2025 17:02 ET (22:02 GMT)
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