Microchip Technology Inc. stock falls Friday, underperforms market

Shares of Microchip Technology Inc.
MCHP,
-1.59%
slipped 1.59% to $84.29 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index
SPX,
+1.07%
rising 1.07% to 4,958.61 and the Dow Jones Industrial Average
DJIA,
+0.35%
rising 0.35% to 38,654.42.

Microchip Technology Inc. closed $10.01 below its 52-week high ($94.30), which the company achieved on July 31st.

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