This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Microchip Technology Inc. plunged 10.6% to $53.45 on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 2.7% to 5,614.56 and Dow Jones Industrial Average falling 2.1% to 41,911.71.
Microchip Technology Inc. closed 46.9% below 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 3.7% to $96.63, Applied Materials Inc. fell 3.7% to $149.99, and Analog Devices Inc. fell 4.25% to $216.26.
Trading volume totaled 15.8 million, compared to the 50-day average of 9.6 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
March 10, 2025 16:33 ET (20:33 GMT)
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