Here's Why Silicon Motion (SIMO) Fell More Than Broader Market

Silicon Motion (SIMO) closed the most recent trading day at $74.29, moving -1.17% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.11%. Elsewhere, the Dow saw an upswing of 0.91%, while the tech-heavy Nasdaq depreciated by 0.82%. Coming into today, shares of the chip company had gained 18.27% in the past month. In that same time, the Computer and Technology sector gained 8.76%, while the S&P 500 gained 5.17%. The investment community will be closely monitor ...