DJ Microchip Technology Inc. Stock Underperforms Friday When Compared To Competitors
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Shares of Microchip Technology Inc. (MCHP) slipped 4.48% to $64.77 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.33% to 6,740.02 and Dow Jones Industrial Average falling 0.95% to 47,501.55.
This was the stock's 10th consecutive day of losses.
Microchip Technology Inc. closed 22.29% short of its 52-week high of $83.35, which the company achieved on February 12th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Advanced Micro Devices Inc. $(AMD)$ fell 3.52% to $192.43, Applied Materials Inc. (AMAT) fell 6.29% to $324.74, and Analog Devices Inc. $(ADI)$ fell 4.22% to $315.81.
Trading volume (10.7 M) eclipsed its 50-day average volume of 8.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 6, 2026.
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(END) Dow Jones Newswires
March 06, 2026 16:54 ET (21:54 GMT)
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