Microchip Technology Inc. Stock Falls Monday, Underperforms Market

Dow Jones2024-12-31

DJ Microchip Technology Inc. Stock Falls Monday, Underperforms Market

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

Shares of Microchip Technology Inc. $(MCHP)$ slid 2.09% to $57.12 Monday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.07% to 5,906.94 and Dow Jones Industrial Average falling 0.97% to 42,573.73.

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

Microchip Technology Inc. closed $43.45 below its 52-week high ($100.57), which the company achieved on May 24th.

Trading volume (7.2 M) remained 603,703 below its 50-day average volume of 7.8 M.

Data source: Dow Jones Market Data, FactSet. Data compiled December 30, 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 30, 2024 17:03 ET (22:03 GMT)

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

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