DJ Microchip Technology Inc. Stock Underperforms Monday When Compared To Competitors Despite Daily Gains
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Shares of Microchip Technology Inc. (MCHP) advanced 2.85% to $78.08 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.54% to 6,976.44 and the Dow Jones Industrial Average rising 1.05% to 49,407.66.
The stock's rise snapped a two-day losing streak.
Microchip Technology Inc. closed 4.11% below its 52-week high of $81.43, which the company reached on January 28th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Advanced Micro Devices Inc. $(AMD)$ rose 4.03% to $246.27, Applied Materials Inc. (AMAT) rose 1.89% to $328.40, and Analog Devices Inc. $(ADI)$ rose 1.92% to $316.86.
Trading volume (8.3 M) remained 622,771 below its 50-day average volume of 9.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 2, 2026.
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(END) Dow Jones Newswires
February 02, 2026 16:54 ET (21:54 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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