Microchip Technology Inc. Stock Underperforms Friday When Compared To Competitors

Dow Jones
03-29

DJ Microchip Technology Inc. Stock Underperforms Friday When Compared To Competitors

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Microchip Technology Inc. $(MCHP)$ slipped 4.11% to $48.70 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.97% to 5,580.94 and Dow Jones Industrial Average falling 1.69% to 41,583.90.

This was the stock's fourth consecutive day of losses.

Microchip Technology Inc. closed 51.57% short of its 52-week high of $100.57, which the company reached on May 24th.

The stock underperformed when compared to some of its competitors Friday, as Advanced Micro Devices Inc. $(AMD)$ fell 3.22% to $103.22, Applied Materials Inc. $(AMAT)$ fell 1.77% to $145.06, and Analog Devices Inc. $(ADI)$ fell 3.53% to $201.56.

Trading volume (12.1 M) eclipsed its 50-day average volume of 10.4 M.

Data source: Dow Jones Market Data, FactSet. Data compiled March 28, 2025.

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.

 

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March 28, 2025 17:00 ET (21:00 GMT)

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