DJ Microchip Technology Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Microchip Technology Inc. $(MCHP)$ advanced 2.58% to $59.64 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.12% to 5,842.63 and the Dow Jones Industrial Average rising 1.14% to 43,006.59.
This was the stock's second consecutive day of gains.
Microchip Technology Inc. closed 40.70% short of its 52-week high of $100.57, which the company achieved on May 24th.
The stock outperformed some of its competitors Wednesday, as Advanced Micro Devices Inc. $(AMD)$ rose 0.91% to $101.67, Applied Materials Inc. $(AMAT)$ rose 1.60% to $155.32, and Analog Devices Inc. $(ADI)$ rose 1.45% to $229.47.
Trading volume (8.3 M) remained 1.6 million below its 50-day average volume of 10.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 5, 2025.
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(END) Dow Jones Newswires
March 05, 2025 16:58 ET (21:58 GMT)
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