Microchip Technology Inc. Stock Sheds 5.7%, Underperforms Market
Dow Jones2026/07/29 20:35This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Microchip Technology Inc. slid 5.7% to $71.37 on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.5% to 7,316.15 and Dow Jones Industrial Average falling 2.2% to 51,594.14.
This was the stock's fifth consecutive day of losses.
Microchip Technology Inc. closed 32.6% below 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 peers, as Advanced Micro Devices Inc. fell 5.5% to $429.56, Applied Materials Inc. fell 8.4% to $436.45, and Analog Devices Inc. fell 3.41% to $353.37.
Trading volume totaled 15.4 million, compared to the 50-day average of 11.7 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
July 29, 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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