Here's Why Microchip Technology (MCHP) Fell More Than Broader Market
MCHPMicrochip Technology(MCHP) Zacks Investment Research·2024-01-05 08:34

Microchip Technology (MCHP) closed at $83.40 in the latest trading session, marking a -1.38% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.34%. Elsewhere, the Dow gained 0.03%, while the tech-heavy Nasdaq lost 0.56%. Shares of the chipmaker have appreciated by 1.14% over the course of the past month, underperforming the Computer and Technology sector's gain of 1.27% and the S&P 500's gain of 2.56%. Analysts and investors alike will be keeping a close eye on the p ...