Micron Technology Inc. Stock Rallies 5.9%, Outperforms Peers

Dow Jones04:34

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

Shares of Micron Technology Inc. rose 5.9% to $983.23 on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.3% to 7,743.98 and the Dow Jones Industrial Average rising 0.2% to 52,475.10.

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

Micron Technology Inc. closed 21.7% short of its 52-week high of $1,255.00, which the company achieved on June 25th.

The stock outperformed some of its peers, as Intel Corp. rose 1.9% to $95.53, Advanced Micro Devices Inc. rose 3.2% to $578.44, and Applied Materials Inc. rose 5.07% to $416.00.

Trading volume totaled 29.5 million, compared to the 50-day average of 25.8 million.

Data source: Dow Jones Market Data, FactSet

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