Extremely significant negative changes in Microchip Technology Inc (NASDAQ: MCHP) investment behavior have recently occurred: negative upside/downside volume developed, and the stock fell on very heavy volume.
Recent notable negative changes in fundamentals have affected Microchip Technology Inc (NASDAQ: MCHP): significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Microchip Technology has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Microchip Technology has a poor Appreciation Score of 17 and a very low Power Rating of 7, with the Lowest Value Trend Rating the result.
Recent Price Action
Microchip Technology Inc (NASDAQ: MCHP) stock declined slightly by -0.9% on 12/20/24. The stock closed at $55.51. Moreover, this decline was accompanied by exceptionally high trading volume at 352% of normal. The stock has been weak relative to the market over the last nine months and has declined -9.7% during the last week.
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