DJ Microchip Technology Inc. Stock Underperforms Friday When Compared To Competitors
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Shares of Microchip Technology Inc. $(MCHP)$ slid 5.02% to $61.07 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.71% to 6,013.13 and Dow Jones Industrial Average falling 1.69% to 43,428.02.
The stock's fall snapped an eight-day winning streak.
Microchip Technology Inc. closed 39.27% below its 52-week high of $100.57, which the company achieved on May 24th.
The stock underperformed when compared to some of its competitors Friday, as Advanced Micro Devices Inc. $(AMD)$ fell 2.92% to $110.84, Applied Materials Inc. $(AMAT)$ fell 2.29% to $171.98, and Analog Devices Inc. $(ADI)$ fell 2.01% to $238.91.
Trading volume (13.2 M) eclipsed its 50-day average volume of 9.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 21, 2025.
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February 21, 2025 16:55 ET (21:55 GMT)
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