Shares of Microchip Technology Inc.
MCHP,
inched 0.24% higher to $88.24 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index
SPX,
rising 0.14% to 4,793.06 and the Dow Jones Industrial Average
DJIA,
rising 0.25% to 36,488.63. Microchip Technology Inc. closed $1.76 short of its 52-week high ($90.00), which the company reached on December 28th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Texas Instruments Inc.
TXN,
fell 0.15% to $190.81, Analog Devices Inc.
ADI,
rose 0.65% to $175.52, and STMicroelectronics N.V.
STM,
rose 0.02% to $49.58. Trading volume (1.5 M) remained 2.5 million below its 50-day average volume of 4.0 M.
Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.