DJ Microchip Technology Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Microchip Technology Inc. (MCHP) slid 8.27% to $88.34 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 2.64% to 7,383.74 and Dow Jones Industrial Average falling 1.35% to 50,866.78.
This was the stock's third consecutive day of losses.
Microchip Technology Inc. closed 16.59% short of its 52-week high of $105.91, which the company achieved on May 8th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Advanced Micro Devices Inc. $(AMD)$ fell 10.86% to $466.38, Applied Materials Inc. $(AMAT)$ fell 9.71% to $453.01, and Analog Devices Inc. $(ADI)$ fell 6.38% to $401.39.
Trading volume (19.2 M) eclipsed its 50-day average volume of 10.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 5, 2026.
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(END) Dow Jones Newswires
June 05, 2026 16:49 ET (20:49 GMT)
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