Monolithic Power Systems Inc. Stock Advances 4.9%, Outperforms Peers

Dow Jones09-22 04:34

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

Shares of Monolithic Power Systems Inc. rallied 4.9% to $1,277.68 on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.5% to 7,764.70 and the Dow Jones Industrial Average rising 0.7% to 52,048.83.

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

Monolithic Power Systems Inc. closed 25.5% short of its 52-week high of $1,714.09, which the company achieved on May 26th.

The stock outperformed some of its peers, as Texas Instruments Inc. rose 1.6% to $270.87, Analog Devices Inc. rose 1.9% to $383.00, and NXP Semiconductors N.V. rose 1.94% to $232.41.

Trading volume totaled 974,192, compared to the 50-day average of 758,562.

Data source: Dow Jones Market Data, FactSet

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