Shares of Microchip Technology Inc.
slipped 0.04% to $56.14 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index
rising 0.16% to 3,831.39 and the Dow Jones Industrial Average
falling 0.42% to 30,967.82. This was the stock’s second consecutive day of losses. Microchip Technology Inc. closed $33.86 below its 52-week high ($90.00), which the company achieved on December 28th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Texas Instruments Inc.
rose 0.38% to $149.10, Analog Devices Inc.
rose 0.11% to $143.07, and STMicroelectronics N.V.
fell 2.76% to $29.56. Trading volume (4.5 M) remained 846,327 below its 50-day average volume of 5.4 M.