Microchip Technology Inc. Stock Sheds 4.4%, Underperforms Peers
Dow Jones2026/08/06 20:35This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Microchip Technology Inc. slipped 4.4% to $74.36 on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.2% to 7,709.96 and Dow Jones Industrial Average falling 0.9% to 53,885.10.
This was the stock's second consecutive day of losses.
Microchip Technology Inc. closed 29.8% short of its 52-week high of $105.91, which the company achieved on May 8th.
The stock underperformed when compared to some of its peers, as Advanced Micro Devices Inc. rose 1.5% to $489.28, Applied Materials Inc. fell 1.3% to $527.48, and Analog Devices Inc. fell 0.10% to $377.31.
Trading volume totaled 14.5 million, compared to the 50-day average of 12.1 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
August 06, 2026 16:35 ET (20:35 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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