Microchip Technology Inc. Stock Falls Wednesday, Underperforms Market

Dow Jones01-09 06:03

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 1.90% to $56.38 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.16% to 5,918.25 and the Dow Jones Industrial Average rising 0.25% to 42,635.20.

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

Microchip Technology Inc. closed $44.19 short of its 52-week high ($100.57), which the company reached on May 24th.

Trading volume (6.2 M) remained 1.9 million below its 50-day average volume of 8.2 M.

Data source: Dow Jones Market Data, FactSet. Data compiled January 8, 2025.

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

January 08, 2025 17:03 ET (22:03 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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