DJ Microchip Technology Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Microchip Technology Inc. $(MCHP)$ slipped 1.13% to $47.24 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.77% to 5,606.91 and Dow Jones Industrial Average falling 0.95% to 40,829.00.
This was the stock's second consecutive day of losses.
Microchip Technology Inc. closed 53.03% below its 52-week high of $100.57, which the company reached on May 24th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Advanced Micro Devices Inc. $(AMD)$ fell 1.96% to $98.62, Applied Materials Inc. $(AMAT)$ fell 1.02% to $153.03, and Analog Devices Inc. $(ADI)$ fell 1.07% to $195.60.
Trading volume (6.4 M) remained 6.1 million below its 50-day average volume of 12.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 6, 2025.
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(END) Dow Jones Newswires
May 06, 2025 17:02 ET (21:02 GMT)
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