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 1.78% to $48.08 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.43% to 5,631.28 and the Dow Jones Industrial Average rising 0.70% to 41,113.97.
The stock's rise snapped a two-day losing streak.
Microchip Technology Inc. closed 52.19% 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 Wednesday, as Advanced Micro Devices Inc. $(AMD)$ rose 1.76% to $100.36, Applied Materials Inc. $(AMAT)$ rose 1.82% to $155.81, and Analog Devices Inc. $(ADI)$ rose 2.18% to $199.86.
Trading volume (9.5 M) remained 3.0 million below its 50-day average volume of 12.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 7, 2025.
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(END) Dow Jones Newswires
May 07, 2025 17:03 ET (21:03 GMT)
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