DJ Monolithic Power Systems Inc. Stock Underperforms Thursday When Compared To Competitors
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Shares of Monolithic Power Systems Inc. (MPWR) slid 1.49% to $589.15 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.04% to 42,342.24 and the S&P 500 Index falling 0.09% to 5,867.08.
This was the stock's third consecutive day of losses.
Monolithic Power Systems Inc. closed $370.49 below its 52-week high ($959.64), which the company reached on August 29th.
The stock underperformed when compared to some of its competitors Thursday, as Texas Instruments Inc. $(TXN)$ fell 0.29% to $184.47 and Analog Devices Inc. $(ADI)$ rose 0.00% to $207.78.
Trading volume (782,343) remained 217,178 below its 50-day average volume of 999,521.
Data source: Dow Jones Market Data, FactSet. Data compiled December 19, 2024.
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(END) Dow Jones Newswires
December 19, 2024 17:05 ET (22:05 GMT)
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