DJ Monolithic Power Systems Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Monolithic Power Systems Inc. (MPWR) advanced 4.06% to $617.28 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.73% to 5,974.07 and the Dow Jones Industrial Average rising 0.16% to 42,906.95.
This was the stock's second consecutive day of gains.
Monolithic Power Systems Inc. closed $342.36 short of its 52-week high ($959.64), which the company reached on August 29th.
The stock outperformed some of its competitors Monday, as Texas Instruments Inc. $(TXN)$ rose 1.75% to $190.14 and Analog Devices Inc. $(ADI)$ rose 1.47% to $214.89.
Trading volume (687,803) remained 361,352 below its 50-day average volume of 1.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 23, 2024.
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(END) Dow Jones Newswires
December 23, 2024 17:05 ET (22:05 GMT)
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