Shares of Microchip Technology Inc.
rose 3.17% to $72.48 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index
rising 1.71% to 4,438.26 and the Dow Jones Industrial Average
rising 1.56% to 34,912.56. The stock's rise snapped a four-day losing streak. Microchip Technology Inc. closed $10.86 below its 52-week high ($83.34), which the company achieved on February 17th.
The stock outperformed some of its competitors Thursday, as Texas Instruments Inc.
rose 2.88% to $192.49, Analog Devices Inc.
rose 2.34% to $168.20, and STMicroelectronics N.V.
rose 2.56% to $42.48. Trading volume (3.7 M) remained 131,978 below its 50-day average volume of 3.8 M.