Microchip Technology Inc. Stock Rises Monday, Outperforms Market

Dow Jones12-10 06:01

DJ Microchip Technology Inc. Stock Rises Monday, Outperforms Market

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Microchip Technology Inc. $(MCHP)$ rose 4.35% to $61.87 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.61% to 6,052.85 and Dow Jones Industrial Average falling 0.54% to 44,401.93.

This was the stock's second consecutive day of gains.

Microchip Technology Inc. closed $38.70 below its 52-week high ($100.57), which the company reached on May 24th.

Trading volume (8.6 M) eclipsed its 50-day average volume of 6.6 M.

Data source: Dow Jones Market Data, FactSet. Data compiled December 9, 2024.

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

December 09, 2024 17:01 ET (22:01 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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