Shares of Microchip Technology Inc.
slipped 1.55% to $83.95 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index
rising 1.17% to 4,591.67 and the Dow Jones Industrial Average
rising 1.87% to 35,227.03. Microchip Technology Inc. closed $4.98 below its 52-week high ($88.93), which the company reached on December 1st.
The stock underperformed when compared to some of its competitors Monday, as Texas Instruments Inc.
rose 0.64% to $194.61, Analog Devices Inc.
rose 0.15% to $181.06, and STMicroelectronics N.V.
rose 1.75% to $48.14. Trading volume (4.7 M) eclipsed its 50-day average volume of 3.9 M.