DJ Microchip Technology Inc. Stock Underperforms Monday When Compared To Competitors Despite Daily Gains
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Shares of Microchip Technology Inc. $(MCHP)$ rose 4.20% to $53.89 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.76% to 5,767.57 and the Dow Jones Industrial Average rising 1.42% to 42,583.32.
This was the stock's second consecutive day of gains.
Microchip Technology Inc. closed 46.41% short of its 52-week high of $100.57, which the company achieved on May 24th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Advanced Micro Devices Inc. $(AMD)$ rose 6.96% to $113.85, Applied Materials Inc. $(AMAT)$ rose 1.86% to $154.95, and Analog Devices Inc. $(ADI)$ rose 3.88% to $212.34.
Trading volume (12.9 M) eclipsed its 50-day average volume of 10.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 24, 2025.
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(END) Dow Jones Newswires
March 24, 2025 16:59 ET (20:59 GMT)
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