DJ Microchip Technology Inc. Stock Underperforms Thursday When Compared To Competitors
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Shares of Microchip Technology Inc. (MCHP) slipped 1.15% to $79.36 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.11% to 49,071.56 and the S&P 500 Index falling 0.13% to 6,969.01.
The stock's fall snapped a three-day winning streak.
Microchip Technology Inc. closed 2.54% below its 52-week high of $81.43, which the company reached on January 28th.
The stock underperformed when compared to some of its competitors Thursday, as Advanced Micro Devices Inc. $(AMD)$ fell 0.22% to $252.18, Applied Materials Inc. (AMAT) rose 1.36% to $341.34, and Analog Devices Inc. $(ADI)$ rose 0.34% to $318.70.
Trading volume (7.6 M) remained 1.2 million below its 50-day average volume of 8.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 29, 2026.
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(END) Dow Jones Newswires
January 29, 2026 16:52 ET (21:52 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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