DJ Microchip Technology Inc. Stock Underperforms Tuesday When Compared To Competitors
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Shares of Microchip Technology Inc. (MCHP) slipped 2.15% to $63.60 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.69% to 6,415.54 and Dow Jones Industrial Average falling 0.55% to 45,295.81.
This was the stock's sixth consecutive day of losses.
Microchip Technology Inc. closed 22.10% short of its 52-week high of $81.64, which the company achieved on September 27th.
The stock underperformed when compared to some of its competitors Tuesday, as Advanced Micro Devices Inc. $(AMD)$ fell 0.19% to $162.32, Applied Materials Inc. (AMAT) fell 1.98% to $157.57, and Analog Devices Inc. $(ADI)$ fell 0.80% to $248.32.
Trading volume (6.6 M) remained 2.2 million below its 50-day average volume of 8.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 2, 2025.
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September 02, 2025 16:55 ET (20:55 GMT)
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