Microchip Technology Inc. Stock Falls Wednesday, Underperforms Market

Dow Jones12-05

DJ Microchip Technology Inc. Stock Falls Wednesday, Underperforms Market

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Microchip Technology Inc. $(MCHP)$ slid 5.73% to $61.64 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.61% to 6,086.49 and the Dow Jones Industrial Average rising 0.69% to 45,014.04.

This was the stock's second consecutive day of losses.

Microchip Technology Inc. closed $38.93 short of its 52-week high ($100.57), which the company reached on May 24th.

Trading volume (13.7 M) eclipsed its 50-day average volume of 6.3 M.

Data source: Dow Jones Market Data, FactSet. Data compiled December 4, 2024.

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

December 04, 2024 17:00 ET (22:00 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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