Micron Technology Inc.'s shares dropped 12.94%, closing at $64.72 on Friday. This occurred during a broadly negative day for the stock market, as the S&P 500 Index declined 5.97% to reach 5,074.08, and the Dow Jones Industrial Average fell 5.50% to end at 38,314.86.
The stock experienced losses for three days in a row.
Micron Technology Inc. finished trading at 58.92% less than its 52-week peak of $157.54, a level the stock attained on June 18th.
On Friday, the stock lagged behind several rivals, with shares of Intel Corp. dropping 11.50% to close at $19.85, Advanced Micro Devices Inc. declining 8.57% to finish at $85.76, and Applied Materials Inc. decreasing 6.32% to end up at $126.95.
The trading volume (50.4M) surpassed its 50-day average volume of 22.2M.
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