Microchip Technology Inc. stock rises Thursday, still underperforms market

Published: May 25, 2023 at 5:09 p.m. ET

Shares of Microchip Technology Inc. MCHP inched 0.71% higher to $74.14 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index SPX rising 0.88% to 4,151.28 and the Dow Jones Industrial Average DJIA falling 0.11% to 32,764.65.

The stock’s rise snapped a two-day losing streak.

Microchip…

Shares of Microchip Technology Inc.

MCHP

inched 0.71% higher to $74.14 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index

SPX

rising 0.88% to 4,151.28 and the Dow Jones Industrial Average

DJIA

falling 0.11% to 32,764.65.

The stock’s rise snapped a two-day losing streak.

Microchip Technology Inc. closed $13.62 below its 52-week high ($87.76), which the company achieved on February 3rd.

Trading volume (7.5 M) eclipsed its 50-day average volume of 4.7 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.