Microchip Technology (MCHP) Stock Drops Despite Market Gains: Important Facts to Note

The most recent trading session ended with Microchip Technology (MCHP) standing at $88.08, reflecting a -0.63% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily gain of 0.63%. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, added 0.82%.Prior to today's trading, shares of the chipmaker had gained 8.61% over the past month. This has outpaced the Computer and Technology sector's gain of 1.16% and the S&P 500's gain of 1.76% in that time.A ...