DJ Microchip Technology Inc. Stock Underperforms Thursday When Compared To Competitors
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Shares of Microchip Technology Inc. (MCHP) slipped 3.47% to $67.81 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.07% to 6,363.35 and the Dow Jones Industrial Average falling 0.70% to 44,693.91.
This was the stock's second consecutive day of losses.
Microchip Technology Inc. closed 24.31% short of its 52-week high of $89.59, which the company reached on August 1st.
The stock underperformed when compared to some of its competitors Thursday, as Advanced Micro Devices Inc. (AMD) rose 2.19% to $162.12, Applied Materials Inc. $(AMAT.UK)$ rose 0.59% to $188.12, and Analog Devices Inc. $(ADI.AU)$ fell 0.75% to $226.37.
Trading volume (13.4 M) eclipsed its 50-day average volume of 9.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 24, 2025.
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July 24, 2025 16:54 ET (20:54 GMT)
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