Microchip Technology Inc. Stock Underperforms Friday When Compared To Competitors Despite Daily Gains
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Microchip Technology Inc.'s stock rose 1.33% to $64.91 on Friday, marking its second consecutive day of gains. Despite this, it underperformed compared to competitors like AMD, which rose 6.15%. The stock remains 15.92% below its 52-week high of $77.20. Trading volume was significantly higher than the 50-day average. The S&P 500 and Dow Jones also saw gains.
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