Texas Instruments stock jumps 3.5% as chip shares rebound; what to watch next for TXN
Shares of Texas Instruments rose 3.5% to $223.19 Monday as U.S. factory activity rebounded and chip stocks rallied. The Institute for Supply Management reported its manufacturing index jumped to 52.6 in January. Trading volume for Texas Instruments reached about 4.4 million shares. Investors are watching for the company’s Feb. 24 investor webcast.