Monolithic Power Systems Inc. Stock Underperforms Wednesday When Compared To Competitors
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Monolithic Power Systems Inc. (MPWR) shares fell 1.73% to $906.36 on Wednesday, marking the fourth consecutive day of losses. The stock is now 19.32% below its 52-week high of $1,123.38. In comparison, competitors Texas Instruments Inc. (TXN), Analog Devices Inc. (ADI), and NXP Semiconductors N.V. (NXPI) also experienced declines of 1.10%, 1.32%, and 1.33%, respectively. Overall, the S&P 500 Index dropped 0.74% and the Dow Jones Industrial Average fell 0.63%. Trading volume was significantly below the 50-day average.
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