DJ Microchip Technology Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Microchip Technology Inc. (MCHP) slipped 3.89% to $87.91 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.62% to 7,266.99 and Dow Jones Industrial Average falling 1.87% to 49,918.78.
The stock's fall snapped a two-day winning streak.
Microchip Technology Inc. closed 17.00% short of its 52-week high of $105.91, which the company reached on May 8th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Advanced Micro Devices Inc. $(AMD)$ fell 4.86% to $452.40, Applied Materials Inc. $(AMAT)$ fell 0.44% to $497.01, and Analog Devices Inc. $(ADI)$ fell 2.95% to $392.67.
Trading volume (10.5 M) remained 339,378 below its 50-day average volume of 10.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 10, 2026.
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(END) Dow Jones Newswires
June 10, 2026 16:51 ET (20:51 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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