Here's Why Silicon Motion (SIMO) Gained But Lagged the Market Today

The latest trading session saw Silicon Motion (SIMO) ending at $56.50, denoting a +1.25% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily gain of 1.77%. Meanwhile, the Dow gained 1.42%, and the Nasdaq, a tech-heavy index, added 2.28%.Shares of the chip company witnessed a loss of 5.1% over the previous month, beating the performance of the Computer and Technology sector with its loss of 9.47% and the S&P 500's loss of 5.73%.The upcoming earnings release of Silicon ...