DJ Microchip Technology Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Microchip Technology Inc. (MCHP) slipped 1.30% to $64.71 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.02% to 44,922.27 and the S&P 500 Index falling 0.59% to 6,411.37.
This was the stock's third consecutive day of losses.
Microchip Technology Inc. closed 21.91% below its 52-week high of $82.87, which the company reached on August 21st.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Advanced Micro Devices Inc. $(AMD)$ fell 5.44% to $166.55, Applied Materials Inc. (AMAT) fell 0.80% to $162.22, and Analog Devices Inc. $(ADI)$ fell 0.48% to $230.44.
Trading volume (5.1 M) remained 3.9 million below its 50-day average volume of 8.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 19, 2025.
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August 19, 2025 16:56 ET (20:56 GMT)
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