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PHX Reporter

Monday, November 4, 2024

March 30: Microchip Technology Inc. (MCHP:NSQ) shares fall

Stock market 16 edited

Shares in Microchip Technology Inc. (MCHP:NSQ) in Chandler finished March 30 at $76.39 USD on the stock exchange.

This is a 4.25 percent fall from the day before when it closed at $79.78.

Stocks in Microchip Technology Inc. have reached as high as $79.25 and as low as $76.04 USD.

Microchip Technology Inc. employs 19,500 people and has reported $963,600,000 USD in income.

Despite a tumultuous year with the COVID-19 pandemic, the US stock market overall remained strong in 2021.

Tony Despirito at investment firm BlackRock said “Overall, companies have beat analyst expectations on both earnings per share and revenue growth. But the latter has been particularly strong.”

George Sweeney, a qualified financial advisor writing for The Motley Fool, cautioned the market will have to cool eventually, though it may not be a full crash as some predict.

“The market seems to flinch with any piece of news. My view is there could be a drop in the stock market...but only if there is some significant bad news or a global event.”

Nothing in this article is to be assumed as financial advice.

Share price of Microchip Technology Inc. stocks on March 30

Name of CompanyPrice at End of DayPrice Day Before
Microchip Technology Inc.$76.39$79.78

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