DJ Microchip Technology Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Microchip Technology Inc. $(MCHP)$ rallied 3.10% to $53.50 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 2.13% to 5,638.94 and the Dow Jones Industrial Average rising 1.65% to 41,488.19.
The stock's rise snapped a four-day losing streak.
Microchip Technology Inc. closed 46.80% short of its 52-week high of $100.57, which the company reached on May 24th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Advanced Micro Devices Inc. $(AMD)$ rose 2.92% to $100.97, Applied Materials Inc. $(AMAT)$ rose 3.81% to $155.66, and Analog Devices Inc. $(ADI)$ rose 2.43% to $208.75.
Trading volume (7.3 M) remained 2.6 million below its 50-day average volume of 9.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 14, 2025.
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March 14, 2025 16:58 ET (20:58 GMT)
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