Micron Technology Inc. stock underperforms Wednesday when compared to competitors


Shares of Micron Technology Inc.
MU,
-1.86%

slid 1.86% to $72.27 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index
SPX,
-0.13%

falling 0.13% to 4,514.07 and Dow Jones Industrial Average
DJIA,
-0.20%

falling 0.20% to 35,031.07. This was the stock’s third consecutive day of losses. Micron Technology Inc. closed $24.69 below its 52-week high ($96.96), which the company reached on April 12th.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Intel Corp.
INTC,
-0.15%

fell 0.15% to $53.57, STMicroelectronics N.V.
STM,
-1.73%

fell 1.73% to $44.25, and Western Digital Corp.
WDC,
-3.84%

fell 3.84% to $58.08. Trading volume (17.4 M) remained 2.9 million below its 50-day average volume of 20.3 M.


Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.



Source link

Leave a Reply

Your email address will not be published.

You may use these <abbr title="HyperText Markup Language">html</abbr> tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

*

%d bloggers like this: