Microchip Technology, Inc. Shares Near 52-Week Low - Market Mover
Microchip Technology, Inc. (MCHP) shares closed today at 1.7% above its 52 week low of $56.62, giving the company a market cap of $31B. The stock is currently down 34.4% year-to-date, down 62.5% over the past 12 months, and down 29.7% over the past five years. This week, the Dow Jones Industrial Average fell 7.2%, and the SP 500 fell 8.7%. Trading Activity Trading volume this week was 60.7% higher than the 20-day average.Beta, a measure of the stock’s volatility relative to the overall market stands at 1.5. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company#39
Microchip Technology, Inc. Shares Near 52-Week Low - Market Mover
Microchip Technology, Inc. (MCHP) shares closed today at 1.7% above its 52 week low of $56.62, giving the company a market cap of $31B. The stock is currently down 34.4% year-to-date, down 62.5% over the past 12 months, and down 29.7% over the past five years. This week, the Dow Jones Industrial Average fell 7.2%, and the SP 500 fell 8.7%. Trading Activity Trading volume this week was 60.7% higher than the 20-day average.Beta, a measure of the stock’s volatility relative to the overall market stands at 1.5. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company#39