Silicon Motion (SIMO) Stock Sinks As Market Gains: Here's Why
SIMOSilicon Motion(SIMO) ZACKS·2024-07-17 07:00

Silicon Motion (SIMO) closed the most recent trading day at $79.64, moving -0.23% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.64%. At the same time, the Dow added 1.85%, and the tech-heavy Nasdaq gained 0.2%.The chip company's stock has dropped by 4.15% in the past month, falling short of the Computer and Technology sector's gain of 1.06% and the S&P 500's gain of 3.82%.The investment community will be closely monitoring the performance of Silicon Mot ...