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Microchip Technology Inc. stock outperforms market on strong trading day

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Terrence Horan

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Shares of Microchip Technology Inc. MCHP, +0.04% 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 SPX, +0.37% rising 1.71% to 4,438.26 and the Dow Jones Industrial Average DJIA, +0.43% 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. TXN, +0.58% rose 2.88% to $192.49, Analog Devices Inc. ADI, +0.16% rose 2.34% to $168.20, and STMicroelectronics N.V. STM, -0.81% rose 2.56% to $42.48. Trading volume (3.7 M) remained 131,978 below its 50-day average volume of 3.8 M.

Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.