Friday sees Microchip Technology Inc. stock rise, surpassing market performance

The stock market saw mixed trading on Friday, with the Dow Jones Industrial Average falling 0.14% to 38,671.69. Meanwhile, the S&P 500 Index rose 0.57% to 5,026.61. Despite this, shares of Microchip Technology Inc. MCHP rallied 1.29% to $85.44, making it their third consecutive day of gains. Although the company closed $8.86 below its 52-week high ($94.30), reached on July 31st, trading volume (4.9 M) remained just slightly below its 50-day average volume of 5.2 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.

Shares of Microchip Technology Inc., which had closed $8.86 below its highest price in the past year ($94.30), gained a modest amount on Friday as the stock market experienced mixed trading sessions.

Despite closing at $85.44 on Friday, which was below its recent high by $8

By Editor

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