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Microchip Technology Inc. stock outperforms competitors on strong trading day

Microchip Technology Inc.
MCHP,
+ 3.79%

rose 3.79% on Monday to $ 76.90 in what turned out to be an all-round cheap trading session for the stock market on the S&P 500 index
SPX,
+ 0.18%

Up 0.18% to 4,613.67 and the Dow Jones Industrial Average
DJIA,
+ 0.26%

increased by 0.26% to 35,913.84. Microchip Technology Inc. closed $ 6.44 below its 52-week high ($ 83.34) the company hit on February 17.

The stock outperformed some of its competitors on Monday, such as Texas Instruments Inc.
TXN,
-0.01%

fell 0.01% to $ 187.47, Analog Devices Inc.
SURNAME,
+ 0.86%

rose 0.86% to $ 174.99 and STMicroelectronics NV
STM,
+ 0.17%

rose 0.17% to $ 47.72. The trading volume (4.1 million) exceeded its 50-day average volume of 3.6 million.