Micron Technology Inc. Stock Rallies 7.6%, Outperforms Market

Dow Jones04:35

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

Shares of Micron Technology Inc. rallied 7.6% to $892.67 on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.8% to 7,736.52 and the Dow Jones Industrial Average rising 1.7% to 54,085.88.

This was the stock's second consecutive day of gains.

Micron Technology Inc. closed 28.9% short of its 52-week high of $1,255.00, which the company achieved on June 25th.

The stock demonstrated a mixed performance when compared to some of its peers, as Intel Corp. rose 10.8% to $100.86, Advanced Micro Devices Inc. rose 7.0% to $518.58, and Applied Materials Inc. rose 5.48% to $546.62.

Trading volume totaled 36.2 million, compared to the 50-day average of 52.6 million.

Data source: Dow Jones Market Data, FactSet

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