Silicon Motion (SIMO) Stock Slides as Market Rises: Facts to Know Before You Trade

In the latest market close, Silicon Motion (SIMO) reached $50.58, with a -0.31% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 0.55% for the day. Meanwhile, the Dow gained 1.01%, and the Nasdaq, a tech-heavy index, lost 0.14%. Shares of the chip company have depreciated by 9.57% over the course of the past month, underperforming the Computer and Technology sector's loss of 8.88% and the S&P 500's loss of 6.22%. Remember to apply Zacks.com to follow the ...