Published on 25 Aug 2021 on Market Watch
Maxim Integrated Products Inc. stock underperforms Wednesday when compared to competitors
Shares of Maxim Integrated Products Inc. slid 1.18% to $103.14 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.22% to 4,496.19 and the Dow Jones Industrial Average rising 0.11% to 35,405.50. This was the stock's second consecutive day of losses. Maxim Integrated Products Inc. closed $5.47 short of its 52-week high ($108.61), which the company reached on August 23rd.
The stock underperformed when compared to some of its competitors Wednesday, as Texas Instruments Inc. rose 0.14% to $188.09, Analog Devices Inc. fell 1.12% to $164.00, and Microchip Technology Inc. rose 2.30% to $151.45. Trading volume (45.8 M) eclipsed its 50-day average volume of 2.7 M.