DJ Microchip Technology Inc. Stock Underperforms Tuesday When Compared To Competitors
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Microchip Technology Inc. (MCHP) shed 1.07% to $73.38 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.58% to 7,673.52 and Dow Jones Industrial Average falling 1.18% to 52,786.07.
The stock's fall snapped a three-day winning streak.
Microchip Technology Inc. closed 30.71% below its 52-week high of $105.91, which the company achieved on May 8th.
The stock underperformed when compared to some of its competitors Tuesday, as Advanced Micro Devices Inc. (AMD) rose 5.90% to $505.74, Applied Materials Inc. (AMAT) rose 3.98% to $472.79, and Analog Devices Inc. (ADI) rose 0.26% to $363.20.
Trading volume (8.7 M) remained 1.9 million below its 50-day average volume of 10.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 8, 2026.