This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Microchip Technology Inc. rose 4.2% to $47.91 on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.5% to 5,686.67 and the Dow Jones Industrial Average rising 1.4% to 41,317.43.
Microchip Technology Inc. closed 52.4% below its 52-week high of $100.57, which the company achieved on May 24th.
The stock outperformed some of its competitors, as Advanced Micro Devices Inc. rose 2.2% to $98.80, Applied Materials Inc. rose 4.1% to $155.10, and Analog Devices Inc. rose 2.50% to $198.59.
Trading volume totaled 9.4 million, compared to the 50-day average of 12.7 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
May 02, 2025 16:35 ET (20:35 GMT)
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