Shares of Microchip Technology Inc.
inched 0.65% higher to $86.93 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index
rising 0.62% to 4,725.79 and the Dow Jones Industrial Average
rising 0.55% to 35,950.56. This was the stock’s third consecutive day of gains. Microchip Technology Inc. closed $2.11 below its 52-week high ($89.04), which the company achieved on December 9th.
The stock outperformed some of its competitors Thursday, as Texas Instruments Inc.
rose 0.25% to $187.40, Analog Devices Inc.
rose 0.21% to $172.66, and STMicroelectronics N.V.
rose 0.37% to $48.59. Trading volume (2.2 M) remained 1.9 million below its 50-day average volume of 4.1 M.