This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Microchip Technology Inc. shed 7.2% to $35.34 on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.6% to 4,982.77 and Dow Jones Industrial Average falling 0.8% to 37,645.59.
Microchip Technology Inc. closed 64.9% 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, as Advanced Micro Devices Inc. fell 6.5% to $78.21, Applied Materials Inc. fell 2.9% to $128.96, and Analog Devices Inc. fell 3.06% to $166.09.
Trading volume totaled 17.2 million, compared to the 50-day average of 11.8 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
April 08, 2025 16:35 ET (20:35 GMT)
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