DJ Microchip Technology Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Microchip Technology Inc. (MCHP) rallied 4.31% to $74.56 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.07% to 6,225.52 and Dow Jones Industrial Average falling 0.37% to 44,240.76.
The stock's rise snapped a two-day losing streak.
Microchip Technology Inc. closed 23.12% below its 52-week high of $96.98, which the company reached on July 17th.
The stock outperformed some of its competitors Tuesday, as Advanced Micro Devices Inc. (AMD) rose 2.24% to $137.82, Applied Materials Inc. $(AMAT.UK)$ rose 2.21% to $194.99, and Analog Devices Inc. $(ADI.AU)$ rose 1.38% to $245.15.
Trading volume (11.4 M) eclipsed its 50-day average volume of 9.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 8, 2025.
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July 08, 2025 16:55 ET (20:55 GMT)
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