Micron Technology Inc. Stock Slides 5.9%, Underperforms Peers

Dow Jones08-01 04:34

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Micron Technology Inc. shed 5.9% to $823.03 on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.7% to 7,489.72 and the Dow Jones Industrial Average rising 0.5% to 52,485.03.

Micron Technology Inc. closed 34.4% below its 52-week high of $1,255.00, which the company achieved on June 25th.

The stock underperformed when compared to some of its peers, as Intel Corp. fell 1.0% to $90.20, Advanced Micro Devices Inc. fell 1.9% to $476.15, and Applied Materials Inc. rose 1.18% to $507.67.

Trading volume totaled 53.6 million, compared to the 50-day average of 52.9 million.

Data source: Dow Jones Market Data, FactSet

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