DJ Microchip Technology Inc. Stock Underperforms Thursday When Compared To Competitors
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Shares of Microchip Technology Inc. $(MCHP)$ shed 2.40% to $67.93 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.38% to 6,045.26 and the Dow Jones Industrial Average rising 0.24% to 42,967.62.
The stock's fall snapped a four-day winning streak.
Microchip Technology Inc. closed 29.95% below its 52-week high of $96.98, which the company reached on July 17th.
The stock underperformed when compared to some of its competitors Thursday, as Advanced Micro Devices Inc. $(AMD)$ fell 2.18% to $118.50, Applied Materials Inc. $(AMAT)$ rose 1.28% to $175.00, and Analog Devices Inc. $(ADI)$ fell 0.18% to $232.12.
Trading volume (7.7 M) remained 4.8 million below its 50-day average volume of 12.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 12, 2025.
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(END) Dow Jones Newswires
June 12, 2025 16:54 ET (20:54 GMT)
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