DJ Microchip Technology Inc. Stock Underperforms Tuesday When Compared To Competitors Despite Daily Gains
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Shares of Microchip Technology Inc. $(MCHP)$ rallied 2.70% to $70.43 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.11% to 6,092.18 and the Dow Jones Industrial Average rising 1.19% to 43,089.02.
Microchip Technology Inc. closed 27.38% short of its 52-week high of $96.98, which the company achieved on July 17th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Advanced Micro Devices Inc. $(AMD)$ rose 6.83% to $138.43, Applied Materials Inc. $(AMAT)$ rose 4.78% to $180.18, and Analog Devices Inc. $(ADI)$ rose 1.73% to $234.98.
Data source: Dow Jones Market Data, FactSet. Data compiled June 24, 2025.
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June 24, 2025 16:54 ET (20:54 GMT)
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