DJ Microchip Technology Inc. Stock Rises Tuesday, Still Underperforms Market
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Shares of Microchip Technology Inc. $(MCHP)$ rallied 2.18% to $40.29 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 2.51% to 5,287.76 and the Dow Jones Industrial Average rising 2.66% to 39,186.98.
This was the stock's third consecutive day of gains.
Microchip Technology Inc. closed 59.94% below its 52-week high of $100.57, which the company achieved on May 24th.
The stock outperformed some of its competitors Tuesday, as Advanced Micro Devices Inc. $(AMD)$ rose 0.82% to $86.26, Applied Materials Inc. $(AMAT)$ rose 2.03% to $138.30, and Analog Devices Inc. $(ADI)$ rose 2.01% to $178.50.
Trading volume (11.7 M) remained 1.1 million below its 50-day average volume of 12.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 22, 2025.
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April 22, 2025 17:03 ET (21:03 GMT)
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