DJ Microchip Technology Inc. Stock Underperforms Tuesday When Compared To Competitors Despite Daily Gains
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Microchip Technology Inc. $(MCHP)$ rose 2.20% to $62.30 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.72% to 5,886.55 and the Dow Jones Industrial Average falling 0.64% to 42,140.43.
This was the stock's fifth consecutive day of gains.
Microchip Technology Inc. closed 38.05% short of its 52-week high of $100.57, which the company reached on May 24th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Advanced Micro Devices Inc. $(AMD)$ rose 4.01% to $112.46, Applied Materials Inc. $(AMAT)$ rose 3.00% to $173.03, and Analog Devices Inc. $(ADI)$ rose 1.58% to $226.68.
Data source: Dow Jones Market Data, FactSet. Data compiled May 13, 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.
(END) Dow Jones Newswires
May 13, 2025 16:56 ET (20:56 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.