DJ Microchip Technology Inc. Stock Underperforms Monday When Compared To Competitors
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Shares of Microchip Technology Inc. (MCHP) slipped 1.24% to $73.85 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.14% to 6,305.60 and the Dow Jones Industrial Average falling 0.04% to 44,323.07.
Microchip Technology Inc. closed 20.79% short of its 52-week high of $93.23, which the company reached on July 22nd.
The stock underperformed when compared to some of its competitors Monday, as Advanced Micro Devices Inc. (AMD) rose 0.01% to $157.00, Applied Materials Inc. $(AMAT.UK)$ rose 1.14% to $192.61, and Analog Devices Inc. $(ADI.AU)$ fell 0.57% to $240.48.
Trading volume (6.1 M) remained 3.2 million below its 50-day average volume of 9.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 21, 2025.
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July 21, 2025 16:52 ET (20:52 GMT)
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