Micron Technology Inc.'s shares dropped 16.09%, closing at $74.34 on Thursday, amidst a broadly unfavorable day for the stock market. The S&P 500 Index declined 4.84% to reach 5,396.52, while the Dow Jones Industrial Average fell 3.98% to end at 40,545.93.
The stock experienced losses for the second day in a row.
Micron Technology Inc. finished at 52.81% below its 52-week peak of $157.54, attained on June 18th.
On Thursday, the stock lagged behind several rivals, with Intel Corp. climbing 2.05% to reach $22.43, Advanced Micro Devices Inc. dropping 8.90% to hit $93.80, and Applied Materials Inc. declining 8.28% to settle at $135.51.
The trading volume (44.5 M) surpassed its 50-day average volume of 21.7 M.
Editor's Note: This narrative was automatically generated by Automated Insights , a company specializing in automation technology, utilizing information sourced from Dow Jones and FactSet. Check out our market data usage conditions.