DJ Microchip Technology Inc. Stock Underperforms Tuesday When Compared To Competitors
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Shares of Microchip Technology Inc. (MCHP) shed 3.93% to $71.39 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.94% to 6,816.63 and Dow Jones Industrial Average falling 0.83% to 48,501.27.
This was the stock's seventh consecutive day of losses.
Microchip Technology Inc. closed 14.35% below its 52-week high of $83.35, which the company reached on February 12th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Advanced Micro Devices Inc. $(AMD)$ fell 3.86% to $190.95, Applied Materials Inc. (AMAT) fell 5.60% to $351.32, and Analog Devices Inc. $(ADI)$ fell 3.51% to $338.99.
Trading volume (8.9 M) eclipsed its 50-day average volume of 8.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 3, 2026.
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March 03, 2026 16:52 ET (21:52 GMT)
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