DJ Microchip Technology Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Microchip Technology Inc. (MCHP) slid 3.06% to $78.86 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.05% to 7,411.98 and the Dow Jones Industrial Average rising 0.46% to 51,947.25.
This was the stock's second consecutive day of losses.
Microchip Technology Inc. closed 25.54% below 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 Friday, as Advanced Micro Devices Inc. $(AMD)$ fell 3.29% to $521.95, Applied Materials Inc. $(AMAT)$ fell 4.72% to $536.25, and Analog Devices Inc. $(ADI)$ fell 2.19% to $371.86.
Trading volume (9.3 M) remained 2.5 million below its 50-day average volume of 11.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 24, 2026.
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(END) Dow Jones Newswires
July 24, 2026 16:53 ET (20:53 GMT)
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