Microchip Technology Inc. Stock Rises Monday, Outperforms Market

Dow Jones2024-12-24

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. $(MCHP)$ advanced 4.25% to $57.87 Monday, on what proved to be an all-around favorable 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.

The stock's rise snapped an eight-day losing streak.

Microchip Technology Inc. closed $42.70 short of its 52-week high ($100.57), which the company achieved on May 24th.

Trading volume (8.8 M) eclipsed its 50-day average volume of 7.6 M.

Data source: Dow Jones Market Data, FactSet. Data compiled December 23, 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 23, 2024 17:04 ET (22:04 GMT)

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

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