Shares of Microchip Technology Inc. MCHP, -0.38% dropped 0.38% to $88.64 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -0.65% falling 0.65% to 5,117.09 and Dow Jones Industrial Average DJIA, -0.49% falling 0.49% to 38,714.77.
This was the stock’s third consecutive day of losses.
Microchip Technology Inc. closed $5.66 below its 52-week high ($94.30), which the company reached on July 31st.
Trading volume (14.0 M) eclipsed its 50-day average volume of 5.9 M.