DJ Microchip Technology Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Microchip Technology Inc. $(MCHP)$ slipped 2.08% to $57.46 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.56% to 5,888.55 and Dow Jones Industrial Average falling 0.58% to 42,098.70.
Microchip Technology Inc. closed 41.43% below its 52-week high of $98.10, which the company achieved on June 3rd.
The stock underperformed when compared to some of its competitors Wednesday, as Advanced Micro Devices Inc. $(AMD)$ fell 1.48% to $112.86, Applied Materials Inc. $(AMAT)$ fell 0.15% to $161.59, and Analog Devices Inc. $(ADI)$ fell 0.59% to $215.62.
Trading volume (8.3 M) remained 4.3 million below its 50-day average volume of 12.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 28, 2025.
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May 28, 2025 16:59 ET (20:59 GMT)
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