This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Microchip Technology Inc. shed 6.5% to $51.00 on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.2% to 5,662.89 and Dow Jones Industrial Average falling 0.0% to 41,953.32.
Microchip Technology Inc. closed 49.3% short of its 52-week high of $100.57, which the company achieved on May 24th.
The stock underperformed when compared to some of its competitors, as Advanced Micro Devices Inc. rose 0.9% to $107.14, Applied Materials Inc. fell 0.1% to $154.38, and Analog Devices Inc. fell 1.94% to $205.90.
Trading volume totaled 13.8 million, compared to the 50-day average of 9.8 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
March 20, 2025 16:33 ET (20:33 GMT)
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