shares of microchip technology inc mchp rallied 304 to 5935 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 245 to 376479 and the dow jones industrial average djia rising 215 to 3053025 this was the stocks second consecutive day of gains microchip technology inc closed 3065 short of its 52week high 9000 which the company achieved on december 28th the stock outperformed some of its competitors tuesday as texas instruments inc txn rose 217 to 15346 analog devices inc adi rose 257 to 14835 and stmicroelectronics nv stm rose 178 to 3378 trading volume 51 m remained 123777 below its 50day average volume of 52 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use