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Shares of Microchip Technology Inc. (MCHP) shed 1.02% to $91.81 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&amp;P 500 Index falling 0.67% to 7,353.61 and Dow Jones Industrial Average falling 0.65% to 49,363.88.
This was the stock's third consecutive day of losses.
Microchip Technology Inc. closed 13.31% 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 Tuesday, as Advanced Micro Devices Inc. (AMD) fell 1.65% to $414.05, Applied Materials Inc. (AMAT) fell 1.61% to $406.91, and Analog Devices Inc. (ADI) fell 1.02% to $414.31.
Trading volume (7.1 M) remained 2.9 million below its 50-day average volume of 10.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 19, 2026.
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(END) Dow Jones Newswires
05-19-26 1649ET

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Microchip Technology Inc. (MCHP) shares fell 1.02% to $91.81, marking the third consecutive day of losses, while the broader market also declined. Despite this, MCHP outperformed competitors like AMD, AMAT, and ADI, which saw larger declines. The stock is currently 13.31% below its 52-week high of $105.91 reached on May 8th, with trading volume at 7.1 million, below the 50-day average of 10 million.

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