DJ Microchip Technology Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Microchip Technology Inc. $(MCHP)$ slipped 2.55% to $59.25 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.61% to 5,844.61 and Dow Jones Industrial Average falling 1.91% to 41,860.44.
Microchip Technology Inc. closed 41.08% 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 Wednesday, as Advanced Micro Devices Inc. $(AMD)$ fell 1.28% to $112.06, Applied Materials Inc. $(AMAT)$ fell 2.11% to $162.23, and Analog Devices Inc. $(ADI)$ fell 1.01% to $222.22.
Trading volume (7.2 M) remained 5.1 million below its 50-day average volume of 12.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 21, 2025.
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May 21, 2025 16:58 ET (20:58 GMT)
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