Microchip Technology Inc. Stock Rises 3.6%, Outperforms Peers
Dow Jones2026/10/02 20:35This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Microchip Technology Inc. rallied 3.6% to $81.32 on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.7% to 7,722.72 and the Dow Jones Industrial Average rising 0.5% to 51,176.96.
This was the stock's second consecutive day of gains.
Microchip Technology Inc. closed 23.2% short of its 52-week high of $105.91, which the company achieved on May 8th.
The stock outperformed some of its peers, as Advanced Micro Devices Inc. rose 3.0% to $633.91, Applied Materials Inc. rose 2.0% to $540.04, and Analog Devices Inc. rose 3.10% to $417.15.
Trading volume totaled 7.7 million, compared to the 50-day average of 9.4 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
October 02, 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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