Micron Technology Inc. Stock Slides 17.5%, Underperforms Peers

Dow Jones11-06

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

Shares of Micron Technology Inc. tumbled 17.5% to $656.39 on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 4.4% to 7,353.73 and Dow Jones Industrial Average falling 3.4% to 51,523.06.

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

Micron Technology Inc. closed 47.7% short of its 52-week high of $1,255.00, which the company reached on June 25th.

The stock underperformed when compared to some of its peers, as Intel Corp. fell 10.3% to $52.25, Advanced Micro Devices Inc. fell 17.3% to $404.40, and Applied Materials Inc. fell 13.58% to $319.25.

Trading volume totaled 75.4 million, compared to the 50-day average of 26.1 million.

Data source: Dow Jones Market Data, FactSet

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