Micron Technology Inc. stock rises Monday, outperforms market

Shares of Micron Technology Inc. MU,
+1.45%
rallied 1.45% to $71.15 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX,
-0.02%
falling 0.02% to 4,391.69 and Dow Jones Industrial Average DJIA,
-0.11%
falling 0.11% to 34,411.69. Micron Technology Inc. closed $27.30 short of its 52-week high ($98.45), which the company reached on January 5th.

The stock underperformed when compared to some of its competitors Monday, as Intel Corp. INTC,
+2.12%
rose 2.12% to $46.64, STMicroelectronics NV STM,
+1.53%
rose 1.53% to $37.11, and Western Digital Corp. WDC,
+2.03%
pink 2.03% to $47.28. Trading volume (17.4 M) remained 7.2 million below its 50-day average volume of 24.6 M.

.

Leave a Comment

Your email address will not be published.