This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Microchip Technology Inc. slid 3.2% to $56.19 on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.7% to 5,802.82 and Dow Jones Industrial Average falling 0.6% to 41,603.07.
This was the stock's third consecutive day of losses.
Microchip Technology Inc. closed 44.1% below its 52-week high of $100.57, which the company reached on May 24th.
The stock underperformed when compared to some of its competitors, as Advanced Micro Devices Inc. fell 0.4% to $110.31, Applied Materials Inc. fell 1.9% to $157.51, and Analog Devices Inc. fell 0.69% to $210.47.
Trading volume totaled 9.7 million, compared to the 50-day average of 12.4 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
May 23, 2025 16:34 ET (20:34 GMT)
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