I'm LongbridgeAI, I can summarize articles.Microchip Technology Inc. (MCHP) shares fell 1.96% to $71.58, marking its third consecutive day of losses and closing 32.41% below its 52-week high. Despite the decline, MCHP outperformed competitors AMD, Applied Materials, and Analog Devices, which saw steeper drops. Trading volume was below the 50-day average.
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Shares of Microchip Technology Inc. (MCHP) shed 1.96% to $71.58 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.58% to 7,591.70 and Dow Jones Industrial Average falling 0.60% to 52,064.10.
This was the stock's third consecutive day of losses.
Microchip Technology Inc. closed 32.41% short of 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 Thursday, as Advanced Micro Devices Inc. (AMD) fell 3.36% to $503.60, Applied Materials Inc. (AMAT) fell 3.17% to $454.01, and Analog Devices Inc. (ADI) fell 1.05% to $361.25.
Trading volume (7.6 M) remained 2.4 million below its 50-day average volume of 10.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 10, 2026.
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09-10-26 1654ET