DJ Microchip Technology Inc. Stock Outperforms Competitors Despite Losses On The Day
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Microchip Technology Inc. (MCHP) slipped 1.24% to $73.94 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.34% to 6,920.93 and Dow Jones Industrial Average falling 0.94% to 48,996.08.
The stock's fall snapped a three-day winning streak.
Microchip Technology Inc. closed 4.22% short of its 52-week high of $77.20, which the company reached on July 10th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Advanced Micro Devices Inc. $(AMD)$ fell 2.02% to $210.02, Applied Materials Inc. (AMAT) fell 1.29% to $292.20, and Analog Devices Inc. $(ADI)$ fell 0.02% to $292.89.
Trading volume (9.8 M) eclipsed its 50-day average volume of 8.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 7, 2026.
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
January 07, 2026 16:53 ET (21:53 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.