DJ Microchip Technology Inc. Stock Underperforms Tuesday When Compared To Competitors
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Shares of Microchip Technology Inc. $(MCHP)$ slipped 2.32% to $45.92 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.58% to 5,560.83 and the Dow Jones Industrial Average rising 0.75% to 40,527.62.
Microchip Technology Inc. closed 54.34% below its 52-week high of $100.57, which the company achieved on May 24th.
The stock underperformed when compared to some of its competitors Tuesday, as Advanced Micro Devices Inc. $(AMD)$ fell 0.34% to $96.06, Applied Materials Inc. $(AMAT)$ fell 0.82% to $149.55, and Analog Devices Inc. $(ADI)$ fell 0.54% to $192.67.
Trading volume (8.3 M) remained 4.7 million below its 50-day average volume of 13.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 29, 2025.
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(END) Dow Jones Newswires
April 29, 2025 17:01 ET (21:01 GMT)
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