Microchip Technology Inc. stock rises Friday, outperforms market
Shares of Microchip Technology Inc. MCHP, +1.30% advanced 1.30% to $77.08 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -0.23% falling 0.23%…
From the Equity Insider archive. This article dates from Sep 24, 2023 and is preserved as first published.
Shares of Microchip Technology Inc. MCHP, +1.30% advanced 1.30% to $77.08 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -0.23% falling 0.23% to 4,320.06 and Dow Jones Industrial Average DJIA, -0.31% falling 0.31% to 33,963.84.
The stock’s rise snapped a three-day losing streak.
Microchip Technology Inc. closed $17.22 below its 52-week high ($94.30), which the company achieved on July 31st.
Trading volume (3.7 M) remained 997,819 below its 50-day average volume of 4.7 M.
