DJ Microchip Technology Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Microchip Technology Inc. (MCHP) shed 1.73% to $62.54 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index remaining mostly unchanged at 6,890.59 and the Dow Jones Industrial Average falling 0.16% to 47,632.00.
This was the stock's second consecutive day of losses.
Microchip Technology Inc. closed 19.95% short of its 52-week high of $78.13, which the company reached on October 30th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Advanced Micro Devices Inc. $(AMD)$ rose 2.45% to $264.33, Applied Materials Inc. (AMAT) rose 3.56% to $235.75, and Analog Devices Inc. $(ADI)$ fell 1.80% to $235.04.
Data source: Dow Jones Market Data, FactSet. Data compiled October 29, 2025.
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October 29, 2025 16:55 ET (20:55 GMT)
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