On June 26, Microchip Technology fell 3.16% in pre-market trading, trading at $91.77/share, with turnover of $309,600.
On the news front, the semiconductor sector extended its broad-based weakness. Among sector peers, Micron Technology fell 5.65%, Marvell Technology fell 4.21%, Advanced Micro Devices fell 3.92%, Intel fell 3.67%, and NVIDIA fell 1.09%, with widespread selling pressure dragging down individual stocks. Microchip Technology had previously plunged over 5% on June 23 alongside the sector selloff. Although the stock briefly rebounded the following day aided by the launch of its DSA504RT radiation-hardened clock generator for space applications, sector selling pressure remained unresolved and the stock came under renewed downward pressure.
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