Shares of Microchip Technology Inc.
advanced 3.14% to $83.50 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index
rising 0.06% to 4,649.27 and the Dow Jones Industrial Average
falling 0.44% to 35,921.23. The stock’s rise snapped a three-day losing streak. Microchip Technology Inc. closed $4.02 short of its 52-week high ($87.52), which the company reached on November 8th.
The stock outperformed some of its competitors Thursday, as Texas Instruments Inc.
rose 0.84% to $188.60, Analog Devices Inc.
rose 1.24% to $183.10, and STMicroelectronics N.V.
rose 2.10% to $50.51. Trading volume (3.7 M) remained 67,564 below its 50-day average volume of 3.8 M.